Tex. Ins. Code § 846.153 · Subchapter D. POWERS AND DUTIES OF MULTIPLE EMPLOYER WELFARE ARRANGEMENTS
REQUIRED FILINGS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A multiple employer welfare arrangement engaging in business in this state shall file the following with the commissioner on forms approved by the commissioner:
(1) a financial statement audited by a certified public accountant;
(2) an actuarial opinion prepared and certified by an actuary who is:
(A) not an employee of the arrangement; and
(B) a fellow of the Society of Actuaries, a member of the American Academy of Actuaries, or an enrolled actuary under the Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1001 et seq.); and
(3) any modified terms of a plan document together with a certification from the trustees that the changes are in compliance with the minimum requirements of this chapter.
(b) A multiple employer welfare arrangement shall file the financial statement and the actuarial opinion required by Subsection (a) within 90 days of the end of the fiscal year.
(c) The actuarial opinion required under Subsection (a) must include:
(1) a description of the actuarial soundness of the multiple employer welfare arrangement, including any actions recommended to improve the actuarial soundness of the arrangement;
(2) the amount of cash reserves recommended to be maintained by the arrangement; and
(3) the level of specific and aggregate stop-loss insurance recommended to be maintained by the arrangement.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.846.htm
- Text hash
- sha256 ab67f8d680bc6f96e86863b1c5c0579a3bfe5d09420774ee33933d4461a18b97
- 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 5 provisions
Provisions in this library whose text cites Tex. Ins. Code § 846.153. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 846.052APPLICATION FOR INITIAL CERTIFICATE OF AUTHORITY.Printed as Section 846.153(a)(2)
- Tex. Ins. Code § 846.053ELIGIBILITY REQUIREMENTS FOR INITIAL CERTIFICATE OF AUTHORITY.Printed as Section 846.153(a)(2)
- Tex. Ins. Code § 846.056FINAL CERTIFICATE OF AUTHORITY.Printed as Section 846.153
- Tex. Ins. Code § 846.154CASH RESERVE REQUIREMENTS.Printed as Section 846.153(c)(2)
- Tex. Ins. Code § 846.157RENEWAL OF CERTIFICATE; ADDITIONAL ACTUARIAL REVIEW.Printed as Section 846.153 | Section 846.153(a)
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.