Sec. 1131.353. AMOUNTS OF INSURANCE. (a) The amounts of insurance under the policy must be based on a plan that precludes individual selection by the insured employees or by the policyholder.
(b) Group term life insurance on the life of an employee's spouse may not exceed the lesser of:
(1) $10,000; or
(2) one-half of the amount of insurance on the life of the insured employee under the group policy.
(c) Group term life insurance on the life of an employee's minor child may not exceed $2,000.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle B - Group Life Insurance
Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance
Section 1131.351. Applicability of Subchapter
Section 1131.352. Payment of Premiums
Section 1131.353. Amounts of Insurance