Retirement and Other Insurance Concepts
Under TIC § 1131.051, what minimum participation requirement applies to a CONTRIBUTORY group life insurance plan where employees pay part of the premium?
Answer and explanation
Answer: C. TIC § 1131.051 requires at least 75% participation of eligible employees for employee-paid (contributory) group plans.Source: Texas Insurance Code Chapter 1131 — § 1131.051, Contributory Participation
More retirement and other insurance concepts questions
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