Tex. Ins. Code § 1551.252

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1551.252 - Additional Term Life Insurance

Notwithstanding any other provision of this code, the board of trustees may authorize:

(1) dependent term life insurance in an amount equal to the term life insurance provided under the basic coverage; and

(2) optional term life insurance in an amount equal to four times the employee's annual salary plus the amount of term life insurance provided under the basic coverage.

Tex. Ins. Code § 1551.252

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.