Texas Insurance Code

§ 983.101 — CONTINUATION OF BUSINESS

IN § 983.101Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 983. REDOMESTICATION OF INSURERS AND HEALTH MAINTENANCE ORGANIZATIONS · Art. C. EFFECT OF REDOMESTICATION

Statute text

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(a)If a redomesticating insurer or health maintenance organization remains qualified to engage in the business of insurance or the business of a health maintenance organization in this state, the following continue in effect after redomestication:

(1)the approved agents' appointments and licenses;

(2)the approved insurance policy forms and provider contracts;

(3)the authorized premium rates;

(4)the quality of care certificates; and

(5)any other relevant item that exists on the effective date of the redomestication.

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Legislative history

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