Texas Insurance Code Title 8, Chapter 1576 - Group Long-term Care Insurance For Public School Employees

• Texas Section 1576.001 - Definitions
  In this chapter: (1) "Active employee" has the meaning assigned by Section 1575.002. (2) "Trustee" means the Teacher Retirement System of Texas. (3) "Retiree" has...
• Texas Section 1576.002 - Establishment Of Program
  (a) The trustee may establish a group long-term care insurance program to provide long-term care insurance coverage for: (1) an active employee or retiree; (2)...
• Texas Section 1576.003 - Contracts To Provide Coverages
  The trustee may contract with one or more carriers authorized to provide long-term care insurance to provide that coverage. Added by Acts 2001, 77th Leg.,...
• Texas Section 1576.004 - Premiums
  (a) The trustee shall determine the procedures by which each program participant pays premiums and any other program costs. Each participant is responsible for required...
• Texas Section 1576.005 - Program Not Part Of Other Group Coverages
  (a) The group long-term care insurance program is not part of the group coverages offered under Chapter 1575 or 1579. (b) The state may not...
• Texas Section 1576.006 - Rules
  The trustee may adopt rules as necessary to administer this chapter. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003....
• Texas Section 1576.007 - Exemption From State Taxes And Fees
  A premium or contribution on a policy, insurance contract, or agreement authorized under this chapter is not subject to any state tax, regulatory fee, or...
• Texas Section 1576.008 - Competitive Bidding Requirements; Rules
  (a) A contract to provide benefits under this chapter may be awarded only through competitive bidding under rules adopted by the trustee. (b) The rules...
• Texas Section 1576.009 - Contract Award; Considerations
  (a) In awarding a contract under this chapter, the trustee is not required to select the lowest bid and may consider any relevant criteria, including...
• Texas Section 1576.010 - Group Long-term Care Insurance Program Fund
  (a) The group long-term care insurance program fund is a trust fund with the comptroller. (b) The trustee shall administer the fund on behalf of...
• Texas Section 1576.011 - Investment Of Fund
  The trustee may invest the group long-term care insurance program fund in the manner provided by Section 67(a)(3), Article XVI, Texas Constitution. Added by Acts...
• Texas Section 1576.012 - Payments From Fund
  Money in the group long-term care insurance program fund may be used only to cover the cost of administering the program and to provide coverage...
• Texas Section 1576.013 - Coverage Exempt From Insurance Law
  A coverage plan provided under this chapter is exempt from any other insurance law, including common law, that does not expressly apply to the plan...

Last modified: September 28, 2016