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Texas Health and Safety Code - HEALTH & SAFETY § 246.114. Actuarial Review

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) This section applies only to a facility whose contracts offer future guarantees of long-term nursing care that develop current actuarial liabilities.

(b) A facility subject to this section shall file with the commissioner actuarial reviews at least once every five years.

(c) Repealed by Acts 2025, 89th Leg., ch. 836 (S.B. 1522), § 18, eff. Jan. 1, 2026.

(d) The commissioner may require an actuarial review of a facility more often than once every five years if:

(1) the facility leases from a third party any portion of the grounds on which the facility is located or buildings in which the facility operates;  or

(2) in the opinion of the commissioner, the facility exhibits conditions of financial instability warranting an earlier review.

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Cite this article: FindLaw.com - Texas Health and Safety Code - HEALTH & SAFETY § 246.114. Actuarial Review - last updated January 01, 2024 | https://codes.findlaw.com/tx/health-and-safety-code/health-safety-sect-246-114/

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