Sec. 1131.702. PAYMENT OF PREMIUMS  


Latest version.
  • The premium for the policy must be paid from:

    (1) the policyholder's funds;

    (2) funds contributed by the insureds; or

    (3) both the policyholder's funds and funds contributed by the insureds.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.