Tex. Ins. Code § 1131.253 · Subchapter F. GROUP LIFE INSURANCE POLICIES ISSUED TO FUNDS ESTABLISHED BY EMPLOYERS OR LABOR UNIONS: ADDITIONAL REQUIREMENTS
PAYMENT OF PREMIUMS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Subsection (b), the policyholder must pay the premium for the policy:
(1) wholly from funds contributed by the employer or employers, the labor union or unions, or both; or
(2) partly from funds described by Subdivision (1) and partly from funds contributed by the insureds.
(b) An insured's contribution toward the cost of the insurance may not exceed 40 cents per month for each $1,000 of insurance coverage.
(c) The policy may provide that a participating employer or labor union may pay the premium directly to the insurer for the policy issued to the trustee. If payment is made as provided by this subsection, the employer or labor union is the premium payor for the insured employees or union members for that employer unit.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1131.htm
- Text hash
- sha256 bfb8b1e3dea6188f56002db73e496fbd5eaca3d678d3a154dcc081fe9c5f6ca8
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.