Tex. Ins. Code § 1551.215 · Subchapter E. GROUP COVERAGES
ACCOUNTING BY CARRIER PROVIDING PURCHASED COVERAGE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(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.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1551.htm
- Text hash
- sha256 0ac609176f3566c10004d028f1ba1237dea7d007173e022ae664e9c650df9d19
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 1551.215. Each shows the citation as that text prints it.
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