Sec. 1505.005. USE OF UNINCORPORATED ENTITY. (a) The participating health insurers may issue the group insurance policy in their own names or in the name of an unincorporated association, trust, or other organization formed for the sole purposes of this chapter and evidenced by a written contract executed by the insurers. An unincorporated association, trust, or other organization formed under this subsection may sue and be sued in the name of the association, trust, or organization.
(b) A person licensed as a general life, accident, and health agent under Chapter 4054, as a general property and casualty agent under Chapter 4051 authorized to write health and accident insurance under Section 4051.053, or as a personal lines property and casualty agent authorized to write health and accident insurance under Section 4051.402, may act in the licensed capacity in connection with an insurance policy or a certificate of insurance issued by an unincorporated association, trust, or other organization formed under Subsection (a). The agent is not required to notify the department that the person has been appointed to act for that purpose.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 548 (S.B. 1263), Sec. 2.12, eff. September 1, 2007.
Structure Texas Statutes
Title 8 - Health Insurance and Other Health Coverages
Subtitle G - Health Coverage Availability
Chapter 1505 - Group Health Insurance Plans for Persons 65 Years of Age or Older
Section 1505.002. Plans for Certain Persons 65 Years of Age or Older
Section 1505.003. Application and Other Evidence of Insurance Forms
Section 1505.004. Execution of Policy
Section 1505.005. Use of Unincorporated Entity
Section 1505.006. Required Filings; Department Approval
Section 1505.007. Effect of Commissioner Disapproval
Section 1505.008. Exemption From Premium Taxes
Section 1505.009. Exemption From Certain Antitrust Requirements