§ 1576.001 Definitions
§ 1576.002 Establishment of Program
§ 1576.003 Contracts to Provide Coverages
§ 1576.004 Premiums
§ 1576.005 Program Not Part of Other Group Coverages
§ 1576.006 Rules
§ 1576.007 Exemption From State Taxes and Fees
§ 1576.008 Competitive Bidding Requirements; Rules
§ 1576.009 Contract Award; Considerations
§ 1576.010 Group Long-Term Care Insurance Program Fund
§ 1576.011 Investment of Fund
§ 1576.012 Payments From Fund
§ 1576.013 Coverage Exempt From Insurance Law

Terms Used In Texas Insurance Code Chapter 1576 - Group Long-Term Care Insurance for Public School Employees

  • Annuity: A periodic (usually annual) payment of a fixed sum of money for either the life of the recipient or for a fixed number of years. A series of payments under a contract from an insurance company, a trust company, or an individual. Annuity payments are made at regular intervals over a period of more than one full year.
  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Common law: The legal system that originated in England and is now in use in the United States. It is based on judicial decisions rather than legislative action.
  • Contract: A legal written agreement that becomes binding when signed.
  • Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
  • Fiduciary: A trustee, executor, or administrator.
  • Presiding officer: A majority-party Senator who presides over the Senate and is charged with maintaining order and decorum, recognizing Members to speak, and interpreting the Senate's rules, practices and precedents.
  • Trustee: A person or institution holding and administering property in trust.