Texas Insurance Code 1651.104 – Long-Term Care Insurance Policy for Partnership for Long-Term Care Program
Current as of: 2024 | Check for updates
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Terms Used In Texas Insurance Code 1651.104
- Partnership: A voluntary contract between two or more persons to pool some or all of their assets into a business, with the agreement that there will be a proportional sharing of profits and losses.
The commissioner, in consultation with the Health and Human Services Commission, shall adopt minimum standards for a long-term care benefit plan that may qualify as an approved plan under the partnership for long-term care program. The standards must be consistent with provisions governing the expansion of a state long-term care partnership program established under the federal Deficit Reduction Act of 2005 (Pub. L. No. 109-171).