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A BILL TO BE ENTITLED
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AN ACT
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relating to the eligibility of certain children under group life |
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insurance policies. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1131.802, Insurance Code, is amended to |
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read as follows: |
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Sec. 1131.802. EXTENSION OF GROUP LIFE INSURANCE TO SPOUSES |
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AND CHILDREN; ELIGIBLE CHILDREN. Insurance under a group life |
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insurance policy may be extended to cover: |
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(1) the spouse of each individual eligible to be |
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insured under the policy; |
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(2) a natural or adopted child of each individual |
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eligible to be insured under the policy if the child is: |
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(A) [unmarried and] younger than 26 [25] years of |
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age; or |
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(B) physically or mentally disabled and under the |
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parents' supervision; or |
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(3) a natural or adopted grandchild of each individual |
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eligible to be insured under the policy if the child is[:
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[(A) unmarried;
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[(B)] younger than 26 [25] years of age[; and
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[(C)
a dependent of the insured for federal
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income tax purposes at the time the application for coverage of the
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child is made]. |
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SECTION 2. The change in law made by this Act applies only |
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to an insurance policy that is delivered, issued for delivery, or |
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renewed on or after January 1, 2012. A policy that is delivered, |
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issued for delivery, or renewed before January 1, 2012, is governed |
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by the law as it existed immediately before the effective date of |
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this Act, and that law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2011. |