<<Prev Rule

Texas Administrative Code

 Next Rule>>
TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 13MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES
SUBCHAPTER FPROFESSIONAL EMPLOYER ORGANIZATIONS SPONSORING SELF-FUNDED EMPLOYEE HEALTH BENEFIT PLANS
DIVISION 5FORMATION, GOVERNANCE, AND OPERATION OF PLAN AND TRUST
RULE §13.554Board of Trustees
(a) Appointment. An approved PEO may appoint members of the board of trustees.

 (b) Number of members. The board of trustees must have no fewer than three members.

 (c) Ineligible individuals. An owner, officer, or employee of a third party administrator or contracted regulated entity that provides services to the approved PEO, or any other person that has received compensation from the plan or trust may not serve as a board member.
Source Note: The provisions of this §13.554 adopted to be effective May 17, 2016, 41 TexReg 3479

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page