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Current as of January 01, 2024 | Updated by Findlaw Staff
The commissioner, after notice and hearing, may rescind approval to operate as a risk-assuming health benefit plan issuer if the commissioner finds that the issuer:
(1) is not financially able to support the assumption of risk from issuing coverage to small employers without the protection provided by the system;
(2) has failed to market fairly to all small employers in the state or in the issuer's established geographic service area; or
(3) has failed to provide coverage to eligible small employers.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1501.313. Rescission of Approval to Operate as Risk-Assuming Health Benefit Plan Issuer - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1501-313/
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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