Texas Insurance Code 1576.010 – Group Long-Term Care Insurance Program Fund
Current as of: 2024 | Check for updates
|
Other versions
(a) The group long-term care insurance program fund is a trust fund with the comptroller.
(b) The trustee shall administer the fund on behalf of the participants in the plan of insurance coverage provided under this chapter.
Terms Used In Texas Insurance Code 1576.010
- Comptroller: means the state comptroller of public accounts. See Texas Government Code 312.011
- Trustee: A person or institution holding and administering property in trust.
(c) The following shall be credited to the fund:
(1) money recovered under contracts for providing insurance coverage under this chapter; and
(2) investment and depository income.