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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Section 101.051(b)(7) does not apply to:
(1) a program otherwise authorized by law that is established:
(A) by a political subdivision of this state;
(B) by a state agency; or
(C) under Chapter 791, Government Code; or
(2) a multiple employer welfare arrangement that is fully insured as defined by 29 U.S.C. Section 1144(b)(6).
(b) Notwithstanding Subsection (a)(2), the commissioner may apply a law regulating the business of insurance to a multiple employer welfare arrangement described by that subdivision to the extent that the law provides:
(1) standards requiring the maintenance of specified levels of contributions that the plan, or a trust established under the plan, must meet to be considered able to pay benefits in full when due; and
(2) provisions to enforce the standards described by Subdivision (1).
Cite this article: FindLaw.com - Texas Insurance Code - INS § 101.055. Exception; Certain Entities That Reimburse Medical Expenses - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-101-055/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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