Section 1501.056 - Private Purchasing Cooperatives and Health Group Cooperatives(a) Two or more small or large employers may form a private purchasing cooperative to purchase small or large employer health benefit plans. Subject to Subsection (d), a person may form a health group cooperative to purchase employer health benefit plans. A cooperative must be organized as a nonprofit corporation and has the rights and duties provided by the Texas Non-Profit Corporation Act (Article 1396-1.01 et seq., Vernon's Texas Civil Statutes).(b) On receipt of a certificate of incorporation or certificate of authority from the secretary of state, the cooperative shall file written notice of the receipt of the certificate and a copy of the cooperative's organizational documents with the commissioner.(c) Repealed by Acts 2015, 84th Leg., R.S., Ch. 42 , Sec. 3.01(5), eff. September 1, 2015.(d) A health benefit plan issuer may not form, or be a member of, a health group cooperative. A health benefit plan issuer may associate with a sponsoring entity, such as a business association, chamber of commerce, or other organization representing employers or serving an analogous function, to assist the sponsoring entity in forming a health group cooperative.Tex. Ins. Code § 1501.056
Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 42,Sec. 3.01, eff. 9/1/2015.Amended By Acts 2005, 79th Leg., Ch. 728, Sec. 11.050(a), eff. 9/1/2005.Amended By Acts 2005, 79th Leg., Ch. 728, Sec. 11.050(b), eff. 9/1/2005.Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.