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Texas Life Insurance: What you need to know

Employers have no obligation under Texas law to offer life insurance to their employees. However, if group life insurance is among the benefits offered to workers, certain minimum requirements must be satisfied (TX Ins. Code Sec. 1131.051et seq.).
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Group characteristics. The group to be insured must consist of no fewer than two people. The group must include all of the employees of the employer, or all of any class of employees defined by employment-related factors. Employees may include the employees of subsidiary corporations, the employees of affiliated corporations, under common control and retired employees belonging to the class defined as eligible for coverage.
Beneficiary. The employee may name anyone except the employer as beneficiary.
Employer/employee contributions. Employers are not required to make any contribution toward the cost of group insurance. If the employer does pay the entire cost, all employees in the eligible class must be covered by the policy. Employees for whom evidence of individual insurability is not satisfactory to the insurer are not counted for these percentage coverage tests.
Insurance limits. There is no statutory limit on the amount of insurance an employee may purchase.
Coverage of dependents. A group plan may provide coverage for dependents of an insured employee, including the spouse; natural or adopted children who are unmarried and under the age of 25; natural or adopted children who are physically or mentally disabled and under the parents' supervision; and natural or adopted grandchildren who are unmarried, under the age of 25, and dependents of the insured for federal income tax purposes at the time the application for coverage of the children is ...

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