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. 1501.311. CHANGE IN STATUS
Latest version.
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(a) The commissioner shall establish an application process for a small employer health benefit plan issuer that elects to change its status under this subchapter.
(b) A reinsured health benefit plan issuer that elects to change its status to operate as a risk-assuming health benefit plan issuer may not continue to reinsure a small employer health benefit plan with the system. The issuer shall pay a prorated assessment based on business issued as a reinsured health benefit plan issuer for the portion of the year the business was reinsured.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.