Sec. 1131.203. PAYMENT OF PREMIUMS. The policyholder must pay the premium for the policy:
(1) wholly from the employer's fund or funds contributed by the employer;
(2) partly from funds described by Subdivision (1) and partly from funds contributed by the insured employees; or
(3) wholly from funds contributed by the insured employees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 1073 (H.B. 1571), Sec. 1, eff. June 18, 2005.
Acts 2005, 79th Leg., Ch. 1073 (H.B. 1571), Sec. 2, eff. June 18, 2005.
Structure Texas Statutes
Title 7 - Life Insurance and Annuities
Subtitle B - Group Life Insurance
Chapter 1131 - Group Life Insurance and Wholesale, Franchise, or Employee Life Insurance
Subchapter E. Group Life Insurance Policies Issued to Employers: Additional Requirements
Section 1131.201. Applicability of Subchapter
Section 1131.202. Eligible Employees
Section 1131.203. Payment of Premiums