Sec. 846.055. EXTENSION OF TERM OF INITIAL CERTIFICATE OF AUTHORITY. The commissioner may extend the term of an initial certificate of authority for a period not to exceed one year if the commissioner determines that the multiple employer welfare arrangement is likely to meet the requirements of this chapter for a final certificate of authority within that period. The commissioner may not grant more than one extension of the initial certificate of authority regardless of the length of time for which an extension was granted.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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