(a) Premiums for coverage of employees whose salaries are paid on a biweekly basis shall be payable to the fund established pursuant to section 76.8 of this Part on a corresponding biweekly basis. Premiums for coverage of all other employees shall be payable to the fund on a monthly basis. All such premiums are subject to change from time to time in accordance with the provisions of the contract or otherwise upon amendment of any such contract.

1. (1) The premiums required to be paid by an employee on account of coverage shall be deducted from his salary or wages by the chief fiscal officer of the employer. During any period when an employee is not receiving a salary or wages and his coverage is continued pursuant to this Part, he shall make the payments required of him on account of such coverage directly to the fund.
2. (2) The sums for premiums to be deducted from salaries or wages or otherwise paid by direct payment shall be as determined by the president, and shall be in sufficient amounts for the full premiums of employees due and payable to the insurer.

(b) Deduction of premiums.