Texas § 1501.312 APPLICATION TO OPERATE AS RISK-ASSUMING HEALTH BENEFIT PLAN ISSUER.

Texas Statutes

§ 1501.312 — APPLICATION TO OPERATE AS RISK-ASSUMING HEALTH BENEFIT PLAN ISSUER.

Texas § 1501.312

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This text of Texas § 1501.312 (APPLICATION TO OPERATE AS RISK-ASSUMING HEALTH BENEFIT PLAN ISSUER.) 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. § 1501.312 (2026).

Text

Sec. 1501.312. APPLICATION TO OPERATE AS RISK-ASSUMING HEALTH BENEFIT PLAN ISSUER.

(a)A small employer health benefit plan issuer may apply to operate as a risk-assuming health benefit plan issuer by filing an application with the commissioner in a form and manner prescribed by the commissioner.

(b)In evaluating an application, the commissioner shall consider the small employer health benefit plan issuer's:

(1)financial condition;

(2)history of rating and underwriting small employer groups;

(3)commitment to market fairly to all small employers in the state or in the issuer's established geographic service area; and

(4)experience managing the risk of small employer groups.

(c)The commissioner shall provide public notice of an application and shall provide at least a 60-day period for

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Sec. 1501.312. APPLICATION TO OPERATE AS RISK-ASSUMING HEALTH BENEFIT PLAN ISSUER. (a) A small employer health benefit plan issuer may apply to operate as a risk-assuming health benefit plan issuer by filing an application with the commissioner in a form and manner prescribed by the commissioner.
(b) In evaluating an application, the commissioner shall consider the small employer health benefit plan issuer's:
(1) financial condition;
(2) history of rating and underwriting small employer groups;
(3) commitment to market fairly to all small employers in the state or in the issuer's established geographic service area; and
(4) experience managing the risk of small employer groups.
(c) The commissioner shall provide public notice of an application and shall provide at least a 60-day period for public comment before making a decision on the application. If the commissioner does not act on the application before the 90th day after the date the commissioner receives the application, the issuer may request and the commissioner shall grant a hearing.