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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES |
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Subtitle G. HEALTH COVERAGE AVAILABILITY |
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Chapter 1506. TEXAS HEALTH INSURANCE POOL |
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Subchapter E. OPERATION OF POOL |
Sec. 1506.203. ADMINISTRATOR'S CONTRACT
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(a) A person selected as a pool administrator shall serve in that capacity for a period specified in the contract between the pool and the pool administrator, subject to removal for cause and subject to any terms, conditions, and limitations of the contract between the pool and the pool administrator. The term of the contract must be at least three years and may be extended, in the board's sole discretion, for up to a total term of six years.
(b) Not later than one year before the expiration date of a pool administrator's contract, including any board-authorized extensions of that contract, the board shall invite all health benefit plan issuers, including the pool administrator, to submit bids to serve as a pool administrator for the succeeding administration period. The selection of the succeeding pool administrator must be made not later than the sixth calendar month preceding the month in which the pool administrator's contract expires.