Texas Statutes
§ 1551.306 — PAYMENT OF EXCESS COST OVER BASIC COVERAGE CONTRIBUTION.
Texas § 1551.306
JurisdictionTexas
Code INInsurance Code
This text of Texas § 1551.306 (PAYMENT OF EXCESS COST OVER BASIC COVERAGE CONTRIBUTION.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.
Bluebook
Tex. Insurance Code Code Ann. § 1551.306 (2026).
Text
Sec. 1551.306. PAYMENT OF EXCESS COST OVER BASIC COVERAGE CONTRIBUTION.
(a)The board of trustees shall apply the amount of any employer contribution for optional coverages to the excess of the cost of the basic and optional coverages for which an individual eligible to participate in the group benefits program under Section 1551.101 or 1551.102 applies over the basic coverage contribution.
(b)Except as provided by Section 1551.309 , if a participant applies for basic and optional coverages for which the cost exceeds the employer contributions for those coverages under this chapter, the participant shall authorize in a form and manner satisfactory to the board of trustees a deduction from the participant's monthly compensation or monthly annuity equal to the difference between:
(1)the co
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.
Nearby Sections
15
§ 1551.001
SHORT TITLE.§ 1551.002
PURPOSES.§ 1551.003
GENERAL DEFINITIONS.§ 1551.004
DEFINITION OF DEPENDENT.§ 1551.005
DEFINITION OF HEALTH BENEFIT PLAN.§ 1551.007
DEFINITION OF CARRIER.§ 1551.008
APPLICABILITY OF DEFINITIONS.§ 1551.011
EXEMPTION FROM EXECUTION.§ 1551.012
EXEMPTION FROM STATE TAXES AND FEES.§ 1551.014
EXCLUSIVE REMEDIES.§ 1551.015
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Bluebook (online)
Texas § 1551.306, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1551.306.