Tex. Ins. Code § 1579.155 · Subchapter D. PARTICIPATING ENTITIES
PROGRAM PARTICIPATION: ELECTION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Effective September 1, 2022, a participating entity may elect to discontinue the entity's participation in the program by providing written notice to the trustee not later than December 31 of the year preceding the first day of the plan year in which the election will be effective.
(b) A participating entity that elects to discontinue participation in the program under Subsection (a) may not elect to:
(1) participate in the program until the fifth anniversary of the effective date of the entity's election to discontinue participation; or
(2) discontinue the entity's participation after an election described by Subdivision (1) until the fifth anniversary of the effective date of that election.
(c) Effective September 1, 2022, an entity that elects to participate in the program shall provide written notice to the trustee not later than December 31 of the year preceding the first day of the plan year in which the election will be effective. The entity may not elect to discontinue the entity's participation until the fifth anniversary of the effective date of the entity's election to participate.
(d) The trustee by rule shall prescribe the time and manner for making an election under this section and may adopt rules necessary to administer this section.
Notes and commentary — not statutory text
History
Added by Acts 2021, 87th Leg., R.S., Ch. 399 (S.B. 1444), Sec. 2, eff. September 1, 2021.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1579.htm
- Text hash
- sha256 e83901490b47e5f9f3e16c1fd596929b2da528aa9466c777025c704a67517940
- 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
Cited by 1 provision
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