Tex. Ins. Code § 2054.607

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

Section 2054.607 - Risk Transfer or Coverage

A subsidiary of the company that offers health benefit coverage under this subchapter may contract with an outside company authorized to engage in the business of insurance in this state that is not under common control with the company or the subsidiary to:

(1) transfer to the outside company all or a portion of the subsidiary's risks arising from health benefit coverage offered under this subchapter; or

(2) obtain insurance coverage from the outside company guarantying the subsidiary's obligations arising from health benefit coverage offered under this subchapter.

Tex. Ins. Code § 2054.607

Added by Acts 2021, Texas Acts of the 87th Leg. - Regular Session, ch. 1019,Sec. 2, eff. 9/1/2021.