Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES |
Subtitle G. HEALTH COVERAGE AVAILABILITY |
Chapter 1501. HEALTH INSURANCE PORTABILITY AND AVAILABILITY ACT |
Subchapter G. REINSURANCE FOR SMALL EMPLOYER HEALTH BENEFIT PLANS |
Sec. 1501.308. SYSTEM NOTES AS LEGAL INVESTMENT FOR SMALL EMPLOYER HEALTH BENEFIT PLAN ISSUER
Latest version.
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A note or other evidence of indebtedness of the system that is not in default is a legal investment for a small employer health benefit plan issuer and may be carried as an admitted asset.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.