Texas Insurance Code 843.401 – Fiduciary Responsibility
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Terms Used In Texas Insurance Code 843.401
- Fiduciary: A trustee, executor, or administrator.
A director, officer, member, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the health maintenance organization is responsible for the funds in a fiduciary relationship to the enrollees.