Sec. 1131.804. AMOUNTS OF INSURANCE. (a) The amounts of insurance under the policy must be based on a plan that precludes individual selection by the insured or the policyholder.
(b) The amount of insurance on the life of the spouse or a child may not exceed the amount of insurance for which the insured is eligible under the policy.
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
Subchapter Q. Extension of Group Life Insurance to Spouses and Children
Section 1131.801. Applicability of Subchapter
Section 1131.802. Extension of Group Life Insurance to Spouses and Children; Eligible Children
Section 1131.803. Payment of Premiums
Section 1131.804. Amounts of Insurance