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. 1501.319. DETERMINATION OF NET LOSS
Latest version.
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(a) Not later than March 1 of each year, the board shall determine the system's net loss for the preceding calendar year, including administrative expenses and incurred losses for the year, and report the net loss to the commissioner.
(b) In determining the net loss, the board shall take into account investment income and other appropriate gains and losses.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.