Texas § 1575.303 PAYMENTS FROM FUND.

Texas Statutes

§ 1575.303 — PAYMENTS FROM FUND.

Texas § 1575.303

Code INInsurance Code

This text of Texas § 1575.303 (PAYMENTS FROM FUND.) 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. § 1575.303 (2026).

Text

Sec. 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.

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Sec. 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.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 1276, Sec. 10A.441, eff. Sept. 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691 ), Sec. 43, eff. September 1, 2005.