1131.253 – PAYMENT OF PREMIUMS. (a) Subject to Subsection
Texas Insurance Code § 1131.253
Summary
This law regulates how premiums for certain insurance policies must be paid, specifying that payments can come from employer or union funds, or a combination of those and insured contributions. It also limits the insured's contribution to a maximum of 40 cents per month per $1,000 of coverage.
Premiums can be paid by employers, unions, or insureds.
Insured contributions are capped at 40 cents per $1,000 coverage.
Ensures affordability of insurance for insured individuals.
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In simple terms: Learn about Texas's PAYMENT OF PREMIUMS. (a) Subject to Subsection law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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