Section 1251.056 - Other Groups(a) Under the requirements prescribed by this section, a group accident and health insurance policy may be issued to cover a group other than a group described by Sections 1251.051-1251.055 if the commissioner determines that: (1) the issuance of the policy is not contrary to the best interest of the public;(2) the issuance of the policy would result in economies of acquisition or administration; and(3) the benefits are reasonable in relation to the premiums charged.(b) Group accident and health insurance coverage may not be offered to a group in this state by an insurer under a policy issued in another state unless this state or another state having requirements substantially similar to those prescribed by Subsections (a)(1)-(3) has determined that those requirements have been met.(c) The premium for the policy must be paid from the policyholder's funds, funds contributed by the covered persons, or both.Tex. Ins. Code § 1251.056
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.