Sec. 846.155. ADJUSTMENT OF CONTRIBUTIONS. If the recommended cash reserves required by Section 846.154(a) exceed the greater of 40 percent of the total contributions for the preceding plan year or 40 percent of the total contributions expected for the current plan year, the contributions may be reduced to fund less than 100 percent of the aggregate retention plus all other costs of the multiple employer welfare arrangement, but not less than the level of contributions necessary to fund the minimum reserves required under Section 846.154(a).
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 D. Powers and Duties of Multiple Employer Welfare Arrangements
Section 846.151. General Powers
Section 846.152. Filing of Organizational Documents
Section 846.153. Required Filings
Section 846.154. Cash Reserve Requirements
Section 846.155. Adjustment of Contributions
Section 846.156. Waiver or Reduction of Required Stop-Loss Insurance or Cash Reserves
Section 846.157. Renewal of Certificate; Additional Actuarial Review
Section 846.158. Examination of Multiple Employer Welfare Arrangements
Section 846.159. Name of Multiple Employer Welfare Arrangement