Texas § 1551.453 ACCOUNT ADMINISTRATOR.

Texas Statutes

§ 1551.453 — ACCOUNT ADMINISTRATOR.

Texas § 1551.453

Code INInsurance Code

This text of Texas § 1551.453 (ACCOUNT ADMINISTRATOR.) 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. § 1551.453 (2026).

Text

Sec. 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.

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Sec. 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.