Texas Insurance Code 1575.252 – Application by Employer for Money to Pay State Contributions
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Terms Used In Texas Insurance Code 1575.252
- Trustee: A person or institution holding and administering property in trust.
- United States: includes a department, bureau, or other agency of the United States of America. See Texas Government Code 311.005
An employer who applies for money provided by the United States or a privately sponsored source shall:
(1) if any of the money will pay part or all of an active employee’s salary, also apply for any legally available money to pay state contributions required by Subchapter E; and
(2) immediately send any money received for state contributions as a result of the application to the trustee for deposit in the fund.