{"data":{"id":"us-tx/tex.-insurance-code-1579.255","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1579.255","heading":"INTEREST ASSESSED ON LATE PAYMENT OF CONTRIBUTIONS BY PARTICIPATING ENTITIES.","body":"(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:\n(1) the contributions; and\n(2) interest on the unpaid amounts at the annual rate of six percent compounded monthly.\n(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.\nAdded by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 53, eff. September 1, 2005.","path":["INSURANCE CODE","TITLE 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES","SUBTITLE H. HEALTH BENEFITS AND OTHER COVERAGES FOR GOVERNMENTAL EMPLOYEES","CHAPTER 1579. TEXAS SCHOOL EMPLOYEES UNIFORM GROUP HEALTH COVERAGE","SUBCHAPTER F. CONTRIBUTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1579.htm#1579.255","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"228cd9be3e3794b915f3f4e46842e4ee6234a78b648df59debea200f6e8f35c1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1579.254","next":"us-tx/tex.-insurance-code-1579.301"},"notice":"GroundRules: Original legal text. Not legal advice."}