Texas Labor Code
§ 91.0411 — SELF-FUNDED HEALTH BENEFIT PLAN
LA § 91.0411Title 2. PROTECTION OF LABORERS · Part E. REGULATION OF CERTAIN OCCUPATIONS · Ch. 91. PROFESSIONAL EMPLOYER ORGANIZATIONS · Art. D. POWERS AND DUTIES OF LICENSE HOLDER
Statute text
View on source(a)In this section, "commissioner" means the commissioner of insurance.
(b)A license holder may sponsor a benefit plan that is not fully insured if the license holder meets the requirements of this section and is approved to sponsor the plan by the commissioner.
(c)The commissioner may, on notice and opportunity for all interested persons to be heard, adopt rules and issue orders reasonably necessary to augment and implement the regulation of benefit plans sponsored by a license holder that are not fully insured. The commissioner may not adopt a rule that requires clients or covered employees to be members of an association or group in the same trade or industry in order to be covered by a license holder-sponsored benefit plan that is not fully insured. The rules must include all requirements that must be met by the license holder and the plan, including:
(1)initial and final approval requirements;
(2)authority to prescribe forms and items to be submitted to the commissioner by the license holder;
(3)a fidelity bond;
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Legislative history
Added by Acts 2013, 83rd Leg., R.S., Ch. 117 (S.B. 1286), Sec. 16, eff. September 1, 2013.