Texas Administrative Code (Last Updated: March 27,2024) |
TITLE 28. INSURANCE |
PART 1. TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 13. MISCELLANEOUS INSURERS AND OTHER REGULATED ENTITIES |
SUBCHAPTER F. PROFESSIONAL EMPLOYER ORGANIZATIONS SPONSORING SELF-FUNDED EMPLOYEE HEALTH BENEFIT PLANS |
DIVISION 8. MARKET EXIT |
SECTION 13.583. Cancellation of Certificate of Approval
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(a) Plan termination. If the commissioner determines that an approved PEO's certificate of approval should be canceled, the approved PEO must terminate its health benefit plan in compliance with §13.580 of this title (relating to Withdrawal from Market). The approved PEO must file its withdrawal plan within 30 days of receiving the commissioner's written notice of suspension. (b) Cancellation of certificate of approval. When an approved PEO has fulfilled all requirements of its approved withdrawal plan, the commissioner will cancel the approved PEO's certificate of approval. Source Note: The provisions of this §13.583 adopted to be effective May 17, 2016, 41 TexReg 3479