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Texas Insurance Code - INS § 1551.251. Group Life Insurance Coverage Plan

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The board of trustees shall administer a group life insurance coverage plan to provide each individual eligible to participate in the group benefits program under Section 1551.101 or 1551.102 group life coverages that provide payments and benefits in an amount and manner the board determines.

(b) The group life insurance coverage plan is subject to the conditions and limitations of:

(1) this chapter and rules adopted under this chapter;  and

(2) the policy or policies purchased by the board of trustees.

(c) The board of trustees may include the dependents of individuals eligible to participate in the group benefits program under Section 1551.101 or 1551.102 in the group life insurance coverage plan.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1551.251. Group Life Insurance Coverage Plan - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1551-251/

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