Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 983.101 - Continuation of Business(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.(b) Each outstanding insurance policy, evidence of coverage, provider contract, or quality of care certificate of a redomesticating insurer or health maintenance organization continues in effect after redomestication.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.