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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) If a redomesticating insurer or health maintenance organization remains qualified to engage in the business of insurance or the business of a health maintenance organization in this state, the following continue in effect after redomestication:
(1) the approved agents' appointments and licenses;
(2) the approved insurance policy forms and provider contracts;
(3) the authorized premium rates;
(4) the quality of care certificates; and
(5) any other relevant item that exists on the effective date of the redomestication.
(b) Each outstanding insurance policy, evidence of coverage, provider contract, or quality of care certificate of a redomesticating insurer or health maintenance organization continues in effect after redomestication.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 983.101. Continuation of Business - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-983-101/
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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