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Texas Insurance Code - INS § 1682.006. Risk Transfer or Coverage

Current as of January 01, 2024 | Updated by Findlaw Staff

A nonprofit agricultural organization that offers nonprofit agricultural organization health benefits under this chapter may contract with a company authorized to engage in the business of insurance in this state that is not under common control with the nonprofit agricultural organization to:

(1) transfer to that company all or a portion of the organization's risks arising from nonprofit agricultural organization health benefits offered under this chapter;  or

(2) obtain insurance coverage from the company guarantying the nonprofit agricultural organization's obligations arising from nonprofit agricultural organization health benefits offered under this chapter.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1682.006. Risk Transfer or Coverage - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1682-006/

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