SECTION 13.455. Change of Control with Increased Market Share


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  • For any change in control of an authorized HCC that results in an increase to its market share in any PSA as provided in §13.414 of this title (relating to Limited Exemption from Certain Information Filing Requirements), the department may require that the HCC file an application for renewal before the date required by Insurance Code §848.060(a). An HCC may, in connection with a filing under this division, submit an application for renewal of certificate of authority.

Source Note: The provisions of this §13.455 adopted to be effective March 31, 2013, 38 TexReg 2100