Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
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 |
Sec. 1131.203. PAYMENT OF PREMIUMS
Latest version.
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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 , Sec. 1, eff. June 18, 2005. Acts 2005, 79th Leg., Ch. 1073 , Sec. 2, eff. June 18, 2005.