Sec. 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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