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Texas Insurance Code - INS § 2155.008. Self-Insurance Fee;  Cost-Sharing Requirements

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

<This section expires September 1, 2040, pursuant to V.T.C.A. Insurance Code § 2155.012.>

(a) The service may assess and collect a reasonable fee from participating CIPBMs to provide self-insurance coverage under this chapter.  The service shall also establish reasonable cost-sharing requirements, including appropriate deductibles.

(b) In establishing the amount of the fee and the cost-sharing requirements, the service shall consider the amount that could be charged to the CIPBM for similar insurance coverage provided to that CIPBM in accordance with this code and ensure that a deductible is sufficiently high to:

(1) deter the use of the self-insurance coverage for minor losses;  and

(2) ensure the self-insurance coverage is used only for significant losses.

(c) The service shall adjust the amount of a premium for the self-insurance coverage under this chapter by using the information collected under Section 2155.009.

(d) Money collected under this section shall be deposited to the credit of the fund.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2155.008. Self-Insurance Fee;  Cost-Sharing Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2155-008/

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