Section 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.Tex. Ins. Code § 1501.310
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.