Under the authority granted by Article 3.50-4A of the Texas Insurance Code, the Board of Trustees of the Teacher Retirement System of Texas may select or reject any and all coverage options relating to the Texas Public School Employees and Retirees Group Long-Term Care Insurance Program, including but not limited to:

1. (1) Inflation protection options, including without limitation inflation protection options based on compound or simple interest assumptions; and
2. (2) Nonforfeiture benefit options, including without limitation reduced paid-up, extended term, shortened benefit period, and return-of-premium at death.

Source Note:The provisions of this §41.16 adopted to be effective August 13, 2000, 25 TexReg 7777.