For a closed health benefit plan under which a small employer health benefit plan issuer is no longer enrolling new small employers, the issuer shall use the percentage change in the base premium rate to adjust premium rates under Section 1501.206(a)(1). The portion of change in premium rates computed under that subdivision may not exceed, on a percentage basis, the change in the new business premium rate for the most similar health benefit plan under which the issuer is enrolling new small employers.
Tex. Ins. Code § 1501.207
PREMIUM RATE ADJUSTMENT IN CLOSED PLAN
Known as the Health Insurance Portability and Availability Act
The act spans §§ 1501.001 to 1501.616 (129 sections).
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.