Texas § 1501.062 COOPERATIVE NOT INSURER; AGENTS AND ADMINISTRATORS.

Texas Statutes

§ 1501.062 — COOPERATIVE NOT INSURER; AGENTS AND ADMINISTRATORS.

Texas § 1501.062

Code INInsurance Code

This text of Texas § 1501.062 (COOPERATIVE NOT INSURER; AGENTS AND ADMINISTRATORS.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1501.062 (2026).

Text

Sec. 1501.062. COOPERATIVE NOT INSURER; AGENTS AND ADMINISTRATORS.

(a)A cooperative is not an insurer and the employees of the cooperative are not required to be licensed under Title 13. This exemption from licensure includes a health group cooperative that acts to provide information about and to solicit membership in the cooperative, subject to Section 1501.0581 (d).

(b)An agent or third-party administrator used and compensated by a cooperative must be licensed as required by Title 13.

(c)An agent used and compensated by a cooperative may market the products and services sponsored by the cooperative without being appointed by each small or large employer health benefit plan issuer participating in the cooperative. The agent may not market any other product or service of a participatin

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 1501.062. COOPERATIVE NOT INSURER; AGENTS AND ADMINISTRATORS. (a) A cooperative is not an insurer and the employees of the cooperative are not required to be licensed under Title 13. This exemption from licensure includes a health group cooperative that acts to provide information about and to solicit membership in the cooperative, subject to Section 1501.0581 (d).
(b) An agent or third-party administrator used and compensated by a cooperative must be licensed as required by Title 13.
(c) An agent used and compensated by a cooperative may market the products and services sponsored by the cooperative without being appointed by each small or large employer health benefit plan issuer participating in the cooperative. The agent may not market any other product or service of a participating small or large employer health benefit plan issuer that is not sponsored by the cooperative unless the agent has been appointed by that issuer.

Legislative History

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005. Amended by: Acts 2005, 79th Leg., Ch. 728 (H.B. 2018 ), Sec. 11.052(b), eff. September 1, 2005.