The board of trustees may allocate any employer contributions remaining after the basic coverage has been funded to fund optional coverages in any manner the board determines is appropriate.
Tex. Ins. Code § 1551.303
FUNDING OF OPTIONAL COVERAGES
Known as the Texas Employees Group Benefits Act
The act spans §§ 1551.001 to 1551.460 (156 sections).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.