Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES |
Subtitle B. GROUP HEALTH COVERAGE |
Chapter 1251. GROUP AND BLANKET HEALTH INSURANCE |
Subchapter F. CONTINUATION OR CONVERSION PRIVILEGE ON TERMINATION OF COVERAGE UNDER GROUP POLICY |
Sec. 1251.256. CONVERSION OF GROUP POLICY
Latest version.
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(a) An insurer may offer a conversion policy to each employee, member, or dependent who is covered under a group accident and health insurance policy that is terminating.
(b) If offered, an issuer shall issue a conversion policy without evidence of insurability if a written application for the policy and payment of the first premium are made not later than the 31st day after the date of termination.
(c) Any conversion policy must meet the minimum standards for benefits for conversion policies.
(d) The insurer may provide the conversion coverage on an individual or group basis.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.