Texas § 1551.215 ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE.

Texas Statutes

§ 1551.215 — ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE.

Texas § 1551.215

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This text of Texas § 1551.215 (ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1551.215 (2026).

Text

Sec. 1551.215. ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE.

(a)A carrier providing a coverage purchased under this chapter shall provide an accounting to the board of trustees not later than the 90th day after the end of each plan year.

(b)The accounting must be in a form approved by the board of trustees.

(c)The accounting must state for the period from the coverage's date of issue to the end of the plan year:

(1)the amounts of contributions accrued under the coverage;

(2)the total of mortality and other claims, charges, losses, and expenses incurred; and

(3)the amounts of the carrier's allowance for a reasonable profit and contingencies.

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Sec. 1551.215. ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE. (a) A carrier providing a coverage purchased under this chapter shall provide an accounting to the board of trustees not later than the 90th day after the end of each plan year.
(b) The accounting must be in a form approved by the board of trustees.
(c) The accounting must state for the period from the coverage's date of issue to the end of the plan year:
(1) the amounts of contributions accrued under the coverage;
(2) the total of mortality and other claims, charges, losses, and expenses incurred; and
(3) the amounts of the carrier's allowance for a reasonable profit and contingencies.