Conn. Agencies Regs. § 27-102l(d)-253

Current through December 27, 2024
Section 27-102l(d)-253 - Fiduciary duties
(a) The Department may serve in a fiduciary capacity by agreement with the veteran in residence or by way of an involuntary assignment of income. When serving in a fiduciary capacity, the Department shall:
(1) Take actions only that shall be in the best interest of the veteran, including maintaining an account in good standing, and
(2) If the veteran is or may be eligible for a third party payment, including federal veteran's benefits, Medicaid and Medicare, based on a means test or other qualifying criteria, the department shall take actions designed to ensure initial and continued eligibility for such benefits and programs, and
(3) Reduce the assets of veterans not already on Medicaid as required under Section 27-102l(d)-257 of the regulations of Connecticut state agencies, and
(4) Reduce the assets of veterans not already receiving Federal Veterans' benefits from the Federal Department of Veterans' Affairs.
(b) The Department and any of its employees and agents shall not serve in the capacity of financial advisor or planner for a veteran, his personal representative, or family.

Conn. Agencies Regs. § 27-102l(d)-253

Effective January 19, 1996