Texas Insurance Code 1501.308 – System Notes as Legal Investment for Small Employer Health Benefit Plan Issuer
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Terms Used In Texas Insurance Code 1501.308
- Evidence: Information presented in testimony or in documents that is used to persuade the fact finder (judge or jury) to decide the case for one side or the other.
A note or other evidence of indebtedness of the system that is not in default is a legal investment for a small employer health benefit plan issuer and may be carried as an admitted asset.