Sec. 846.157. RENEWAL OF CERTIFICATE; ADDITIONAL ACTUARIAL REVIEW. (a) The commissioner shall review the forms required by Section 846.153 and shall renew a multiple employer welfare arrangement's certificate of authority unless the commissioner determines that the arrangement does not comply with this chapter.
(b) On a finding of good cause, the commissioner may order an actuarial review of a multiple employer welfare arrangement in addition to the actuarial opinion required by Section 846.153(a). The arrangement shall pay the cost of the additional actuarial review.
(c) If the commissioner determines that a multiple employer welfare arrangement does not comply with this chapter, the commissioner may order the arrangement to correct the deficiencies. The commissioner may take any action against the multiple employer welfare arrangement authorized by this code if the arrangement does not initiate immediate corrective action.
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