Tex. Ins. Code § 1551.404 · Subchapter I. FUNDS
INSUFFICIENT EARNINGS FOR EMPLOYEE TO PARTICIPATE IN CAFETERIA FUND.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If the earnings of an employee who elects to participate in a cafeteria plan are insufficient to pay the cost of the coverages and benefits selected by the employee, the employee is liable to the board of trustees for an amount equal to the difference between:
(1) the amount received by the board; and
(2) the cost of the coverages and benefits.
(b) If the employee does not pay the difference within the time specified by the board of trustees, the board may:
(1) cancel the coverages and benefits retroactive to the last month for which full payment was made; or
(2) pursue any other available legal remedy.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, 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.1551.htm
- Text hash
- sha256 b02ce756552cc5264a90969c04518ea606c0a84ad3387cbd4aeccf1b733cc56b
- 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.