SENATE BILL 405 |
SENATE AUTHOR: Madla |
EFFECTIVE: 09-01-99 |
HOUSE SPONSOR: Averitt et. al. |
Senate Bill 405 amends the Insurance Code to authorize the extension of insurance coverage to the spouse and children of an eligible person covered under any group life insurance policy, and not only under a group term life insurance policy. The act also increases the maximum amount of coverage allowed for the spouse and children from one-half the amount of coverage for the person eligible to be insured to an amount equal to the coverage for the person eligible to be insured.