SECTION 13.453. Filing Requirements

(a) Unless an individual or entity has filed with the department the items as set forth in subsection (b) of this section, the individual or entity is prohibited from:

(1) acquiring an ownership interest in an entity that holds a certificate of authority as an HCC if the individual or entity is, or after the acquisition would be, directly or indirectly in control of the certificate holder; or

(2) otherwise acquiring control of or exercising any control over the certificate holder.

(b) An individual or entity described in subsection (a) of this section must, under oath or affirmation, file:

(1) a Biographical Affidavit form for each individual by whom or on whose behalf the acquisition of control is to be effected; and

(2) a Health Care Collaborative (HCC) Acquisition Form.

(c) The department may require a partnership, syndicate, or other group that is subject to the filing requirements specified in subsections (a) and (b) of this section to provide the information required by subsection (b) of this section for each partner of the partnership, each member of the syndicate or group, and each individual or entity who controls the partner or member.

(d) If the partner, member, or entity is a corporation, or if the entity required to file the documents set forth in subsection (b) of this section is a corporation, the department may require that the information under that subsection be provided regarding:

(1) the corporation;

(2) each individual who is an executive officer or director of the corporation; and

(3) each individual or entity who is directly or indirectly the beneficial owner of more than 10 percent of the outstanding voting securities of the corporation.

Source Note: The provisions of this §13.453 adopted to be effective March 31, 2013, 38 TexReg 2100