A. The LTD trust fund is established for the purpose of paying benefits under and costs of administering the LTD program.

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Terms Used In Arizona Laws 38-797.02

  • LTD program: means the long-term disability program established by this article. See Arizona Laws 38-797

B. The LTD trust fund consists of all monies paid into it in accordance with this article, whether in the form of cash, securities or other assets, and all monies received from any other source. The LTD trust fund is exempt from Title 44, Chapter 3. Abandoned monies shall be disposed of pursuant to section 38-722.

C. Custody, management and investment of the LTD trust fund are as prescribed by this article and article 2 of this chapter.

 

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