Sec. 1131.854. CONTRIBUTIONS IF POLICYHOLDER IS NOT TRUSTEE. (a) A policy as to which the policyholder is not a trustee or the trustees of a fund established or maintained in whole or in part by the employer must provide that the employee's individual contribution:
(1) is the policy rate applicable:
(A) on the date the work stoppage begins; and
(B) to an individual in the class to which the employee belongs as provided by the policy; or
(2) if the policy does not provide for a rate applicable to an individual, is an amount equal to the amount determined by dividing:
(A) the total monthly premium in effect under the policy on the date the work stoppage begins; by
(B) the total number of insureds under the policy on that date.
(b) The policy may provide that continuation of coverage under this subchapter is contingent on the collection of individual contributions by the union or unions representing the employees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
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 R. Continuation of Certain Group Life Insurance During Labor Dispute
Section 1131.851. Applicability of Subchapter
Section 1131.853. Contributions if Policyholder Is Trustee
Section 1131.854. Contributions if Policyholder Is Not Trustee
Section 1131.855. Payment of Contribution and Premium
Section 1131.856. Past Due Premium
Section 1131.857. Individual Premium Rate Increase
Section 1131.858. Premium Rate Change Not Limited
Section 1131.859. Limitations on Continuation of Coverage
Section 1131.860. Other Provisions; Commissioner Approval Required