Texas § 1501.310 ELECTION OF STATUS.

Texas Statutes

§ 1501.310 — ELECTION OF STATUS.

Texas § 1501.310

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 1501.310 (2026).

Text

Sec. 1501.310. ELECTION OF STATUS.

(a)Each small employer health benefit plan issuer shall notify the commissioner of the issuer's election to operate as a risk-assuming health benefit plan issuer or as a reinsured health benefit plan issuer. An issuer that elects to operate as a risk-assuming health benefit plan issuer shall file an application in accordance with Section 1501.312 .

(b)A small employer health benefit plan issuer's election under this section is effective until the fifth anniversary of the date of the election.

(c)The commissioner may permit a small employer health benefit plan issuer to modify its election at any time for good cause shown.

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Sec. 1501.310. ELECTION OF STATUS. (a) Each small employer health benefit plan issuer shall notify the commissioner of the issuer's election to operate as a risk-assuming health benefit plan issuer or as a reinsured health benefit plan issuer. An issuer that elects to operate as a risk-assuming health benefit plan issuer shall file an application in accordance with Section 1501.312 .
(b) A small employer health benefit plan issuer's election under this section is effective until the fifth anniversary of the date of the election.
(c) The commissioner may permit a small employer health benefit plan issuer to modify its election at any time for good cause shown.