505.602 Group life insurance for township officers and employees.

A board of township trustees may procure and pay all or any part of the cost of group life insurance to insure the lives of officers and employees of the township. The amount of group life insurance coverage provided by the board to insure the lives of officers of the township shall not exceed fifty thousand dollars per officer.

Amended by 131st General Assembly File No. TBD, HB 413, §1, eff. 9/28/2016.

Effective Date: 09-20-1999 .