Texas Insurance Code 1551.062 – Information On Operation and Administration of Chapter
(a) The board of trustees shall:
(1) conduct a continuing study of the operation and administration of this chapter, including:
(A) conducting surveys and preparing reports on group coverages and benefits available to participants; and
(B) studying experience relating to group coverages and benefits available to participants; and
(2) maintain statistics on the number, type, and disposition of fraudulent claims for benefits under this chapter.
(b) A contract entered into under this chapter must require a carrier to:
(1) furnish any reasonable report the board of trustees determines is necessary to enable the board to perform its functions under this chapter; and
(2) permit the board and a representative of the state auditor to examine records of the carrier as necessary to accomplish the purposes of this chapter.
Terms Used In Texas Insurance Code 1551.062
- Contract: A legal written agreement that becomes binding when signed.
(c) Each state agency shall keep records, make certifications, and furnish the board of trustees with information and reports necessary to enable the board to perform its functions under this chapter.