1. (a) All contractors contracting and providing coverage under Chapter 1576, Insurance Code, must:

   1. (1) administer enrollment;
   2. (2) adjudicate all claims related to the coverage, except for eligibility of participants under the statute, which remains the responsibility of TRS as trustee;
   3. (3) coordinate services under the insurance coverages provided under Chapter 1576, Insurance Code; and
   4. (4) account for any premiums collected and disbursed under the coverages.
2. (b) To be eligible to bid on providing group long-term care insurance, a carrier must comply with the minimum qualification standards contained in the applicable solicitation from TRS.
3. (c) All bids to provide group long-term care insurance must be submitted in compliance with the bid requirements provided by TRS.
4. (d) The bid opening shall take place at a date and time set by TRS.
5. (e) In determining the quality of the bids, TRS may consider such factors and criteria as it deems relevant and appropriate under the circumstances.
6. (f) TRS shall not provide compensation to bidders for any expenses incurred by the bidder for bids preparation or for any demonstrations that may be made. Bidders submit bids at their own risk and expense.

Source Note:The provisions of this §41.15 adopted to be effective May 10, 2000, 25 TexReg 4189; amended to be effective March 12, 2003, 28 TexReg 2113; amended to be effective February 24, 2004, 29 TexReg 1670; amended to be effective March 8, 2007, 32 TexReg 1092; amended to be effective August 15, 2019, 44 TexReg 4189.