Sec. 1505.007. EFFECT OF COMMISSIONER DISAPPROVAL. If, after notice and public hearing, the commissioner determines under reasonable assumptions that a premium rate charged for the insurance coverage offered under this chapter or the plan for operating and marketing that insurance is excessive, inadequate, or contrary to the public interest or that any activity or practice performed in connection with the insurance is unfair, unreasonable, or contrary to the public interest, the commissioner shall:
(1) enter an order containing the commissioner's determination and disapproving the premium rate or plan or the activity or practice; and
(2) require the discontinuance of the premium rate, plan, activity, or practice within a period that is not less than 30 days after the date of the commissioner's order containing the determination.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
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