A participating entity:
(1) shall hold contributions required by this subchapter in trust for the Texas school employees uniform group coverage trust fund and its participants; and
(2) may not divert the contributions for any other purpose.
Tex. Ins. Code § 1579.254
CONTRIBUTIONS HELD IN TRUST FOR FUND
Known as the Texas School Employees Uniform Group Health Coverage Act
The act spans §§ 1579.001 to 1579.304 (49 sections).
Added by Acts 2005, 79th Leg., Ch. 1359 (S.B. 1691), Sec. 53, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.