Tex. Ins. Code § 1575.303

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

Section 1575.303 - Payments From Fund

(a) The following shall, without state fiscal year limitation, be paid from the fund:

(1) the appropriate premiums to a carrier providing group coverage under a plan under this chapter;

(2) claims for benefits under the group coverage; and

(3) money spent by the trustee to administer the group program.

(b) The appropriate portion of the contributions to the fund to provide for incurred but unreported claim reserves and contingency reserves, as determined by the trustee, shall be retained in the fund.

(c) The fund is held in trust for the benefit of participants of the group program and may not be diverted.

Tex. Ins. Code § 1575.303

Amended By Acts 2005, 79th Leg., Ch. 1359, Sec. 43, eff. 9/1/2005.

Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.441, eff. 9/1/2003.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. 6/1/2003.