Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 1579.254 - Contributions Held in Trust for Fund
A participating entity:
(1) shall hold contributions required by this subchapter in trust for the Texas school employees uniform group coverage trust fund and its participants; and(2) may not divert the contributions for any other purpose.
Tex. Ins. Code § 1579.254
Added by Acts 2005, 79th Leg., Ch. 1359, Sec. 53, eff. 9/1/2005.