Texas Insurance Code - Section 492.002. Applicability Of Chapter
Legal Research Home >
Texas Lawyer > Insurance Code > Texas Insurance Code - Section 492.002. Applicability Of Chapter
§ 492.002. APPLICABILITY OF CHAPTER. (a) Except as
provided by Subsection (b), this chapter applies to:
(1) all life, health, and accident insurance companies
regulated by the department, including:
(A) a stock or mutual life, health, or accident
insurance company;
(B) a fraternal benefit society; and
(C) a nonprofit hospital, medical, or dental
service corporation, including a group hospital service
corporation operating under Chapter 842; and
(2) a health maintenance organization operating under
Chapter 843.
(b) This chapter does not apply to a ceding insurer
domiciled in another state that regulates credit for reinsurance
under statutes, rules, or regulations substantially similar in
substance or effect to this chapter if the ceding insurer on request
provides the commissioner with:
(1) evidence of the similarity in the form of those
statutes, rules, or regulations; and
(2) an interpretation of the statutes, rules, or
regulations and the standards used by the state of domicile.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 491.002 491.003 491.004 491.005 491.051 491.052 492.001 492.002 492.003 492.051 492.052 492.053 492.054 492.055 492.056
Last modified: August 11, 2007
|
