Texas Insurance Code

§ 842.301 — REVOCATION OF CERTIFICATE OF AUTHORITY

IN § 842.301Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 842. GROUP HOSPITAL SERVICE CORPORATIONS · Art. G. DISCIPLINARY PROCEDURES

Statute text

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The commissioner shall revoke the certificate of authority of a group hospital service corporation that:

(1)is determined to be:

(A)operating fraudulently; or

(B)improperly contesting claims; or

(2)fails to pay valid claims in accordance with this chapter.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.