Texas Insurance Code 1453.001 – Definitions
Terms Used In Texas Insurance Code 1453.001
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.
In this chapter:
(1) “Health care provider” means:
(A) a hospital, emergency clinic, outpatient clinic, or other facility providing health care services; or
(B) an individual who is licensed in this state to provide health care services.
(2) “Managed care entity” means:
(A) a health maintenance organization;
(B) a preferred provider benefit plan issuer;
(C) an approved nonprofit health corporation that holds a certificate of authority under Chapter 844; or
(D) another entity that offers a managed care plan, including:
(i) an insurance company;
(ii) a group hospital service corporation operating under Chapter 842;
(iii) a fraternal benefit society operating under Chapter 885;
(iv) a stipulated premium company operating under Chapter 884;
(v) a multiple employer welfare arrangement that holds a certificate of authority under Chapter 846; and
(vi) an entity not authorized under this code or another insurance law of this state that contracts directly for health care services on a risk-sharing basis, including a capitation basis.
(3) “Managed care plan” means a health benefit plan:
(A) under which health care services are provided through contracts with health care providers to individuals enrolled in or insured under the plan; and
(B) that provides financial incentives to individuals enrolled in or insured under the plan to use health care providers participating in the plan and procedures covered by the plan.