Section 1501.313 - Rescission of Approval to Operate As Risk-Assuming Health Benefit Plan Issuer The commissioner, after notice and hearing, may rescind approval to operate as a risk-assuming health benefit plan issuer if the commissioner finds that the issuer:
(1) is not financially able to support the assumption of risk from issuing coverage to small employers without the protection provided by the system;(2) has failed to market fairly to all small employers in the state or in the issuer's established geographic service area; or(3) has failed to provide coverage to eligible small employers.Tex. Ins. Code § 1501.313
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.