Texas § 1576.004 PREMIUMS.

Texas Statutes

§ 1576.004 — PREMIUMS.

Texas § 1576.004

Code INInsurance Code

This text of Texas § 1576.004 (PREMIUMS.) 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. § 1576.004 (2026).

Text

Sec. 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 bills a program participant directly.

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Sec. 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 bills a program participant directly.

Legislative History

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.