Texas Insurance Code 1601.2042 – Compensation Insufficient to Cover Deduction
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Terms Used In Texas Insurance Code 1601.2042
- Month: means a calendar month. See Texas Government Code 312.011
If a participant’s monthly compensation from which the participant’s contribution is deducted is insufficient to pay the participant’s contribution for coverage, the system may adopt rules under which the system considers the coverage to have terminated after the last full month for which the contribution was paid in full, as determined by the system.