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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Each written application for participation in a standard health benefit plan must contain the following language at the beginning of the document in bold type:
“You have the option to choose this Consumer Choice of Benefits Health Insurance Plan that, either in whole or in part, does not provide state-mandated health benefits normally required in accident and sickness insurance policies in Texas. This standard health benefit plan may provide a more affordable health insurance policy for you, although, at the same time, it may provide you with fewer health benefits than those normally included as state-mandated health benefits in policies in Texas. If you choose this standard health benefit plan, please consult with your insurance agent to discover which state-mandated health benefits are excluded in this policy.”
(b) Each standard health benefit plan must contain the following language at the beginning of the document in bold type:
“This Consumer Choice of Benefits Health Insurance Plan, either in whole or in part, does not provide state-mandated health benefits normally required in accident and sickness insurance policies in Texas. This standard health benefit plan may provide a more affordable health insurance policy for you, although, at the same time, it may provide you with fewer health benefits than those normally included as state-mandated health benefits in policies in Texas. Please consult with your insurance agent to discover which state-mandated health benefits are excluded in this policy.”
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1507.005. Notice to Policyholder - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1507-005/
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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