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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioner shall grant an exemption for affiliates of a contracting entity if the contracting entity holds a certificate of authority issued by the department to engage in the business of insurance in this state or is a health maintenance organization if the commissioner determines that:
(1) the affiliate is not subject to a disclaimer of affiliation under Chapter 823; and
(2) the relationships between the person who holds a certificate of authority and all affiliates of the person, including subsidiary networks or other networks, are disclosed and clearly defined.
(b) An exemption granted under this section applies only to registration. An entity granted an exemption is otherwise subject to this chapter.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1458.055. Exemption for Affiliates - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1458-055/
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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