Tex. Ins. Code § 1551.453

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

Section 1551.453 - Account Administrator

(a) The account administrator selected to administer a health savings account established under this subchapter must be a person:

(1) qualified to serve as trustee under Section 223(d)(1)(B), Internal Revenue Code of 1986, and the rules adopted under that section; and

(2) experienced in administering health savings accounts or other similar trust accounts.

(b) An account administrator is the fiduciary of a plan enrollee who has a health savings account established under this subchapter.

Tex. Ins. Code § 1551.453

Added by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 1015,Sec. 1, eff. 9/1/2015.