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TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 13 | MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES |
SUBCHAPTER F | PROFESSIONAL EMPLOYER ORGANIZATIONS SPONSORING SELF-FUNDED EMPLOYEE HEALTH BENEFIT PLANS |
DIVISION 4 | CONDUCT OF APPROVED PEO |
RULE §13.542 | PEO's Fidelity Coverage |
An approved PEO must maintain a fidelity bond or a zero-deductible crime policy that complies with the requirements of §13.568 of this title (relating to Standards for Fidelity Coverage). The fidelity bond or zero-deductible crime policy must cover each person responsible for handling or administering plan assets, including: the approved PEO; its directors, officers, and employees; or any other individual responsible for servicing the plan. |
Source Note: The provisions of this §13.542 adopted to be effective May 17, 2016, 41 TexReg 3479 |