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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) The commissioner shall suspend the enrollment of new employers in qualifying health benefit plans if the commissioner determines that the total enrollment reported by all health benefit plan issuers under qualifying health benefit plans exceeds the total eligible enrollment determined under Section 1508.257 and is likely to result in anticipated annual expenditures from the fund in excess of the total funds available for distribution from the fund.
(b) The commissioner shall provide a health benefit plan issuer participating in the program with notification of any enrollment suspension under Subsection (a) as soon as practicable after:
(1) receipt of all enrollment data; and
(2) determination of the need to suspend enrollment.
(c) A suspension of issuance of qualifying health benefit plans to employers under Subsection (a) does not preclude the addition of new employees of an employer already covered under a qualifying health benefit plan or new dependents of employees already covered under a qualifying health benefit plan.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 1508.258. Evaluation and Protection of Fund; Employer Enrollment Suspension - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1508-258/
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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