Life insurance: group policies.

Existing law provides that coverage for unmarried dependent children under a group life insurance policy may continue through 20 years of age, or through 24 years of age if the dependent child is attending an educational institution, or may continue for a child 21 years of age or older who is both incapable of self-sustaining employment by reason of mental retardation or physical handicap. This bill would provide that coverage for dependent children under a group life insurance policy may continue until 26 years of age, regardless of the child's marital status or whether the child is attending an educational institution, and would provide for that coverage to continue for a child 26 years of age or older who is both incapable of self-sustaining employment by reason of mental retardation or physical handicap and chiefly dependent upon the employee under the group policy for support and maintenance, as specified.