Tex. Labor Code § 407A.153
This is the official text of Tex. Labor Code § 407A.153, part of Texas’s Labor Code — governs wages, workplace safety, and workers' compensation.
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§ 407A.153. PROHIBITED ACTIVITIES.
Official statutory text
The board of trustees may not:
(1) extend credit to individual members for payment of a premium, except under payment plans approved by the commissioner; or
(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.
(1) extend credit to individual members for payment of a premium, except under payment plans approved by the commissioner; or
(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.
Status: in_force · Read it on the official government site
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