Tex. Ins. Code § 1601.061 · Subchapter B. ADMINISTRATION AND IMPLEMENTATION
SPECIAL RESERVE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A carrier issuing a group coverage plan under this chapter may hold as a special reserve for a system an amount that equals the amount by which the total amount described by Section 1601.060(c)(1) exceeds the sum of the corresponding amounts described by Sections 1601.060(c)(2) and (3).
(b) The system may use money in the special reserve at its discretion, including for:
(1) providing additional coverage for participating employees or retired employees;
(2) offsetting necessary rate increases; or
(3) reducing contributions to the coverage by participating employees or retired employees.
(c) A special reserve held by a carrier for a system earns interest at a rate determined each plan year by the carrier and approved by the system as consistent with the rate generally used by the carrier for similar funds held under other group coverages.
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.1601.htm
- Text hash
- sha256 1dc35916a6c729cb3f01ffc6b4865cabd65cc6f7f5475fc3d2c13cac31b1facc
- 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
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.