1131.352 – PAYMENT OF PREMIUMS. The policyholder must pay
Texas Insurance Code § 1131.352
Summary
This law mandates that the premium for group term life insurance must be paid exclusively from contributions made by the insured employees. It ensures that policyholders do not use other funds to cover these premiums, promoting financial accountability among employees.
Premiums must come from employee contributions only.
Policyholders cannot use alternative funding sources.
Applies specifically to group term life insurance policies.
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In simple terms: Learn about Texas's PAYMENT OF PREMIUMS. The policyholder must pay 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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