Tex. Ins. Code § 1576.010

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1576.010 - Group Long-Term Care Insurance Program Fund

(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.

(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.

Tex. Ins. Code § 1576.010

Added by Acts 2005, 79th Leg., Ch. 1359, Sec. 47, eff. 9/1/2005.