Tex. Ins. Code Section 1579.255
Interest Assessed on Late Payment of Contributions by Participating Entities

(a)

A participating entity that does not remit to the trustee all contributions required by this subchapter before the seventh day after the last day of the month shall pay to the Texas school employees uniform group coverage trust fund:

(1)

the contributions; and

(2)

interest on the unpaid amounts at the annual rate of six percent compounded monthly.

(b)

On request, the trustee may grant a waiver of the deadline imposed by this section based on a participating entity’s financial or technological resources.
Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 53, eff. September 1, 2005.

Source: Section 1579.255 — Interest Assessed on Late Payment of Contributions by Participating Entities, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­1579.­htm#1579.­255 (accessed Jun. 5, 2024).

1579.001
Short Title 1579.002
General Definitions 1579.003
Definition of Employee 1579.004
Definition of Dependent 1579.005
Confidentiality 1579.006
Exemption from Process 1579.007
Exemption from State Taxes and Fees 1579.008
Coverage Exempt from Insurance Law 1579.009
Balance Billing Prohibition Notice 1579.010
Information Regarding Appeals 1579.051
Administration of Group Program 1579.052
Authority to Adopt Rules 1579.053
Personnel 1579.054
Competitive Bidding Requirements 1579.055
Contract Award 1579.057
Pharmacy Benefit Manager Contracts 1579.101
Plans of Group Coverages 1579.102
Catastrophic Care Coverage Plan 1579.104
Optional Coverages 1579.105
Preexisting Condition Limitation 1579.106
Prior Authorization for Certain Drugs 1579.107
Disease Management Services 1579.108
Limitations 1579.109
Emergency Care Payments 1579.110
Out-of-network Facility-based Provider Payments 1579.111
Out-of-network Diagnostic Imaging Provider or Laboratory Service Provider Payments 1579.112
Out-of-network Emergency Medical Services Provider Payments 1579.152
Participation of Other School Districts 1579.153
Participation by Certain Risk Pools 1579.154
Participation by Charter Schools 1579.155
Program Participation: Election 1579.201
Definition 1579.202
Eligible Employees 1579.203
Selection of Coverage 1579.204
Certain Part-time Employees 1579.205
Payment by Participating Entity 1579.251
State Assistance 1579.252
Contribution by Participating Entities 1579.253
Contribution by Employee 1579.254
Contributions Held in Trust for Fund 1579.255
Interest Assessed on Late Payment of Contributions by Participating Entities 1579.301
Fund 1579.302
Composition of Fund 1579.303
Payments from Fund 1579.304
Investment of Fund 1579.1045
Alternative Group Health Coverage Prohibited 1579.1061
Exemption from Preauthorization Requirements for Physicians and Health Care Providers Providing Certain Health Care Services
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 1579.255’s source at texas​.gov