Tex. Insurance Code § 846.058
This is the official text of Tex. Insurance Code § 846.058, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 846.058. DISQUALIFICATION.
Official statutory text
(a) A multiple employer welfare arrangement, each board member and officer of the arrangement, and any agent or other person associated with the arrangement shall be subject to disqualification for eligibility for a certificate of authority if the person:
(1) makes a material misstatement or omission in an application for a certificate of authority under this chapter;
(2) obtains or attempts to obtain at any time a certificate of authority or license for an insurance entity through intentional misrepresentation or fraud;
(3) misappropriates or converts to the person's own use or improperly withholds money under an employee welfare benefit plan or multiple employer welfare arrangement;
(4) is prohibited from serving in any capacity with the arrangement under Section 411, Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1111);
(5) without reasonable cause or excuse, fails to appear in response to a subpoena, examination, warrant, or any other order lawfully issued by the commissioner; or
(6) has previously been subject to a determination by the commissioner resulting in:
(A) suspension or revocation of a certificate of authority or license; or
(B) denial of a certificate of authority or license on grounds that would be sufficient for suspension or revocation.
(b) This section does not apply to a participating employer in its capacity as a participating employer and the employer's participating employees.
(1) makes a material misstatement or omission in an application for a certificate of authority under this chapter;
(2) obtains or attempts to obtain at any time a certificate of authority or license for an insurance entity through intentional misrepresentation or fraud;
(3) misappropriates or converts to the person's own use or improperly withholds money under an employee welfare benefit plan or multiple employer welfare arrangement;
(4) is prohibited from serving in any capacity with the arrangement under Section 411, Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1111);
(5) without reasonable cause or excuse, fails to appear in response to a subpoena, examination, warrant, or any other order lawfully issued by the commissioner; or
(6) has previously been subject to a determination by the commissioner resulting in:
(A) suspension or revocation of a certificate of authority or license; or
(B) denial of a certificate of authority or license on grounds that would be sufficient for suspension or revocation.
(b) This section does not apply to a participating employer in its capacity as a participating employer and the employer's participating employees.
Status: in_force · Read it on the official government site
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