AUTHOR'S / SPONSOR'S STATEMENT OF INTENT

 

C.S.H.B. 2172 amends current law relating to the eligibility of certain children under group life insurance policies.

 

RULEMAKING AUTHORITY

 

This bill does not expressly grant any additional rulemaking authority to a state officer, institution, or agency.

 

SECTION BY SECTION ANALYSIS

 

SECTION 1.  Amends Section 1131.802, Insurance Code, as follows:

 

Sec. 1131.802.  EXTENSION OF GROUP LIFE INSURANCE TO SPOUSES AND CHILDREN; ELIGIBLE CHILDREN.  Authorizes insurance under a group life insurance policy to be extended to cover:

 

(1)  the spouse of each individual eligible to be insured under the policy;

 

(2)  a natural or adopted child of each individual eligible to be insured under the policy if the child is younger than 25 years of age or an older age stated in the policy, or physically or mentally disabled and under the parents' supervision, rather than if the child is unmarried and younger than 25 years of age; or

 

(3)  a natural or adopted grandchild of each individual eligible to be insured under the policy if the child is younger than 25 years of age or an older age stated in the policy, rather than if the child is unmarried, younger than 25 years of age and a dependent of the insured for federal income tax purposes at the time the application for coverage of the child is made.

 

SECTION 2.  Makes application of this Act prospective to January 1, 2012.

 

SECTION 3.  Effective date:  September 1, 2011.