Texas § 1579.1551 PROGRAM PARTICIPATION BY CERTAIN ENTITIES.

Texas Statutes

§ 1579.1551 — PROGRAM PARTICIPATION BY CERTAIN ENTITIES.

Texas § 1579.1551

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Bluebook

Tex. Insurance Code Code Ann. § 1579.1551 (2026).

Text

For expiration of this section, see Subsection (f). Sec. 1579.1551. PROGRAM PARTICIPATION BY CERTAIN ENTITIES.

(a)This section applies to an entity that discontinued participation in the program effective on September 1, 2022, in accordance with Section 1579.155 (a).

(b)Notwithstanding Section 1579.155 (b), an entity to which this section applies may elect to participate in the program before the fifth anniversary of the effective date of the entity's election to discontinue participation in the program if the entity:

(1)provides written notice to the trustee not later than December 31, 2025, of the entity's election to participate in the program effective beginning September 1, 2026; and

(2)complies with any other requirements established by the trustee for program participation.

(c)

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For expiration of this section, see Subsection (f).
Sec. 1579.1551. PROGRAM PARTICIPATION BY CERTAIN ENTITIES. (a) This section applies to an entity that discontinued participation in the program effective on September 1, 2022, in accordance with Section 1579.155 (a).
(b) Notwithstanding Section 1579.155 (b), an entity to which this section applies may elect to participate in the program before the fifth anniversary of the effective date of the entity's election to discontinue participation in the program if the entity:
(1) provides written notice to the trustee not later than December 31, 2025, of the entity's election to participate in the program effective beginning September 1, 2026; and
(2) complies with any other requirements established by the trustee for program participation.
(c) For the plan year beginning September 1, 2026, the trustee shall impose a risk stabilization fee in an amount determined by the trustee on the premiums of an entity to which this section applies.
(d) An entity that elects to participate in the program in accordance with this section may not elect to discontinue participation until September 1, 2031.
(e) The trustee by rule may impose additional requirements, conditions, and deadlines with which an entity to which this section applies must comply to elect to participate in the program in accordance with this section.
(f) This section expires September 1, 2031.
SUBCHAPTER E. PARTICIPATION BY EMPLOYEE