Written notice required
Sec. 18. (a) For the purposes of section 17(b) of this chapter, an
account administrator that begins to administer a medical care
savings account shall, in writing, notify the employee for whose
benefit the account was established of the date of the last business
day of the administrator's business year.
(b) The notice required by this section must be given not more
than thirty (30) days after the account administrator begins to
administer the medical care savings account.
As added by P.L.92-1995, SEC.2 and P.L.93-1995, SEC.2.
Last modified: May 28, 2006