Sec. 846.054. ISSUANCE OF INITIAL CERTIFICATE OF AUTHORITY. (a) The commissioner shall approve, deny, or disapprove an application for an initial certificate of authority that meets the requirements of Section 846.053 not later than the 60th day after the date on which the application is filed.
(a-1) On the applicant's request, the commissioner shall hold a hearing on a denial. Not later than the 30th day after the date of the applicant's request for a hearing, the commissioner shall request a hearing date.
(b) An initial certificate of authority is a temporary certificate issued for a one-year term.
(c) On receipt of the initial certificate of authority, the multiple employer welfare arrangement shall begin business.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 11, eff. June 19, 2009.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle C - Life, Health, and Accident Insurers and Related Entities
Chapter 846 - Multiple Employer Welfare Arrangements
Subchapter B. Formation and Structure of Multiple Employer Welfare Arrangements
Section 846.051. Certificate of Authority Required
Section 846.052. Application for Initial Certificate of Authority
Section 846.053. Eligibility Requirements for Initial Certificate of Authority
Section 846.054. Issuance of Initial Certificate of Authority
Section 846.055. Extension of Term of Initial Certificate of Authority
Section 846.056. Final Certificate of Authority
Section 846.057. Denial of Final Certificate of Authority
Section 846.058. Disqualification
Section 846.059. Fees; Service of Process
Section 846.060. Suspension, Revocation, or Limitation of Certificate of Authority