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Texas Insurance Code - INS § 1551.406. Investment of Funds

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) Under the standard of care provided by Section 815.307, Government Code, the board of trustees may manage and has full power to invest and reinvest the money in:

(1) the employees life, accident, and health insurance and benefits fund;

(2) the state employees cafeteria plan trust fund; and

(3) the employees' health care stabilization trust fund.

(b) The earnings, including interest on money in the fund and proceeds from the sale of any investments, become a part of the fund.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1551.406. Investment of Funds - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1551-406/

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