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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The premium for the policy may be paid wholly or partly from funds contributed by:
(1) the employer;
(2) the individuals insured under the policy; or
(3) the insured employees who are members of the association of employees.
(b) Any money or credits received by or allowed to the policyholder under any participation agreement contained in or issued in connection with the policy must be applied to the payment of future premiums and to the pro rata abatement of the insured employees' contribution for future premiums.
(c) The employer may deduct from an employee's salary the employee's contribution for the premiums if authorized to do so in writing by that employee.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1131.303. Payment of Premiums - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1131-303/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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