Bill Text: TX SB1366 | 2013-2014 | 83rd Legislature | Introduced
Bill Title: Relating to the use of certain funds of the Texas Health Insurance Pool.
Spectrum: Partisan Bill (Republican 1-0)
Status: (Introduced - Dead) 2013-03-18 - Referred to State Affairs [SB1366 Detail]
Download: Texas-2013-SB1366-Introduced.html
83R9340 AJA-D | ||
By: Duncan | S.B. No. 1366 |
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relating to the use of certain funds of the Texas Health Insurance | ||
Pool. | ||
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: | ||
SECTION 1. Section 1506.260, Insurance Code, is amended to | ||
read as follows: | ||
Sec. 1506.260. USE OF CERTAIN PENALTY PAYMENTS [ |
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and interest paid by health maintenance organizations as provided | ||
by Section 843.342 and insurers as provided by Section 1301.137. | ||
(b) Except as provided by this subsection, the [ |
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may use funds collected under this section only to finance premium | ||
discounts under Section 1506.105(e-1). If those funds are no longer | ||
necessary to finance those premium discounts, the funds shall be | ||
directed, at the board's discretion, to the fund established under | ||
Subchapter F, Chapter 1508, for a purpose provided by that | ||
subchapter or to the corporation established under Chapter 182, | ||
Health and Safety Code, for a purpose provided by that chapter. | ||
(c) The board may require a health maintenance organization | ||
or an insurer to make payments under this section and make reports | ||
concerning those payments in a manner determined by the board. | ||
SECTION 2. This Act takes effect September 1, 2013. |