(a) A person who purchases a workers' compensation insurance policy covering farm or ranch employees may cover the person, a partner, a corporate officer, or a family member in that policy. The insurance policy must specifically name the individual to be covered.
(b) The elective coverage continues while the policy is in effect and the named individual is endorsed on the policy.
(c) A member of an employer's family is exempt from coverage under the policy unless an election for that coverage is made under this section.