Sec. 983.101. CONTINUATION OF BUSINESS. (a) If a redomesticating insurer or health maintenance organization remains qualified to engage in the business of insurance or the business of a health maintenance organization in this state, the following continue in effect after redomestication:
(1) the approved agents' appointments and licenses;
(2) the approved insurance policy forms and provider contracts;
(3) the authorized premium rates;
(4) the quality of care certificates; and
(5) any other relevant item that exists on the effective date of the redomestication.
(b) Each outstanding insurance policy, evidence of coverage, provider contract, or quality of care certificate of a redomesticating insurer or health maintenance organization continues in effect after redomestication.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes