Tex. Ins. Code § 1501.3021 · Subchapter G. REINSURANCE FOR SMALL EMPLOYER HEALTH BENEFIT PLANS
AUTHORIZATION OF OPERATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner shall hold a hearing if:
(1) the commissioner believes small employer health benefit plan issuers in this state are threatened with the inability to secure reinsurance coverage in the open market; or
(2) the commissioner receives a petition requesting the hearing from an association of health benefit plan issuers in this state or a group of at least 15 small employer health benefit plan issuers operating in this state.
(b) If, after a hearing under Subsection (a), the commissioner finds that the operation of the system is in the public interest, the commissioner by order shall:
(1) authorize the operation of the system;
(2) appoint a board of directors under Section 1501.303; and
(3) direct the board to develop a plan of operation under Section 1501.306 to ensure the system is fully implemented on a date specified in the order that is not later than the 60th day after the effective date of the order.
(c) Sections 1501.307-1501.326 apply to the operation of the system after the date the system is implemented as described by Subsection (b)(3).
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 105 (S.B. 1171), Sec. 2, eff. May 23, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1501.htm
- Text hash
- sha256 a16b6821964e25006b4388a803d253deae62d2cf31d9f233e36e7523b2124635
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code § 1501.303SYSTEM BOARD OF DIRECTORS.Printed as Section 1501.303
- Tex. Ins. Code § 1501.306SYSTEM PLAN OF OPERATION.Printed as Section 1501.306
- Tex. Ins. Code § 1501.307SYSTEM POWERS.Printed as Sections 1501.307-1501.326
- Tex. Ins. Code § 1501.326DEFERMENT OF ASSESSMENT.Printed as Sections 1501.307-1501.326
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 1501.3021. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.