Texas Statutes
§ 1551.404 — INSUFFICIENT EARNINGS FOR EMPLOYEE TO PARTICIPATE IN CAFETERIA FUND.
Texas § 1551.404
JurisdictionTexas
Code INInsurance Code
This text of Texas § 1551.404 (INSUFFICIENT EARNINGS FOR EMPLOYEE TO PARTICIPATE IN CAFETERIA FUND.) 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. § 1551.404 (2026).
Text
Sec. 1551.404. INSUFFICIENT EARNINGS FOR EMPLOYEE TO PARTICIPATE IN CAFETERIA FUND.
(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.
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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 § 1551.404, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/1551.404.