{"data":{"id":"us-tx/tex.-labor-code-407a.153","jurisdiction":"us-tx","citation":"Tex. Labor Code § 407A.153","heading":"PROHIBITED ACTIVITIES.","body":"The board of trustees may not:\n(1) extend credit to individual members for payment of a premium, except under payment plans approved by the commissioner; or\n(2) without first advising the commissioner of the nature and purpose of the loan and obtaining prior approval from the commissioner, borrow any money from the group or in the name of the group except in the ordinary course of business.\nAdded by Acts 2003, 78th Leg., ch. 275, Sec. 1, eff. Sept. 1, 2003.","path":["LABOR CODE","TITLE 5. WORKERS' COMPENSATION","SUBTITLE A. TEXAS WORKERS' COMPENSATION ACT","CHAPTER 407A. GROUP SELF-INSURANCE COVERAGE","SUBCHAPTER D. BOARD OF TRUSTEES"],"source_url":"https://statutes.capitol.texas.gov/Docs/LA/htm/LA.407A.htm#407A.153","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:24Z","sha256":"1463cf7dea40d980a87ef7d2a231f5a9ab3857aaa951fa9dcbc58e3ac2d55744","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-labor-code-407a.152","next":"us-tx/tex.-labor-code-407a.154"},"notice":"GroundRules: Original legal text. Not legal advice."}