Tex. Ins. Code Section 1576.004
Premiums

(a)

The trustee shall determine the procedures by which each program participant pays premiums and any other program costs. Each participant is responsible for required payments.

(b)

The trustee may authorize any payment method appropriate for the program, including a payment method under which:

(1)

a participating employee is required to pay premiums by payroll deduction remitted by the employee’s employer at the times and in the manner determined by the trustee;

(2)

a participating retiree is required to pay premiums by deduction from the retiree’s monthly annuity; or

(3)

a carrier with which the trustee has contracted under Section 1576.003 (Contracts to Provide Coverages) bills a program participant directly.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 44, eff. September 1, 2005.

Source: Section 1576.004 — Premiums, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1576.­htm#1576.­004 (accessed May 18, 2024).

Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 1576.004’s source at texas​.gov