1131.303 – PAYMENT OF PREMIUMS. (a) The premium for the
Texas Insurance Code § 1131.303
Summary
This law outlines how premiums for insurance policies can be paid, allowing contributions from employers, insured individuals, or employee associations. It ensures that any credits or funds received under participation agreements are applied to future premiums.
Premiums can be funded by employers or insured individuals.
Participation agreement credits must reduce future premiums.
Applies to policies involving employee associations.
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In simple terms: Learn about Texas's PAYMENT OF PREMIUMS. (a) The premium for the 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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