Tex. Ins. Code § 1682.006

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1682.006 - Risk Transfer or Coverage

A nonprofit agricultural organization that offers nonprofit agricultural organization health benefits under this chapter may contract with a company authorized to engage in the business of insurance in this state that is not under common control with the nonprofit agricultural organization to:

(1) transfer to that company all or a portion of the organization's risks arising from nonprofit agricultural organization health benefits offered under this chapter; or

(2) obtain insurance coverage from the company guarantying the nonprofit agricultural organization's obligations arising from nonprofit agricultural organization health benefits offered under this chapter.

Tex. Ins. Code § 1682.006

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 1034,Sec. 3, eff. 9/1/2021.