(a) A small employer health benefit plan issuer may reinsure risks covered under a small employer health benefit plan with the system as provided by this subchapter.
(b) The system shall reinsure the level of coverage provided under the small employer health benefit plan.

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Terms Used In Texas Insurance Code 1501.314

  • Dependent: A person dependent for support upon another.
  • Person: includes corporation, organization, government or governmental subdivision or agency, business trust, estate, trust, partnership, association, and any other legal entity. See Texas Government Code 311.005

(c) A small employer health benefit plan issuer may reinsure:
(1) an entire small employer group not later than the 60th day after the date the group’s coverage under the small employer health benefit plan takes effect;
(2) an eligible employee of a small employer or the employee’s dependent not later than the 60th day after the date the person‘s coverage takes effect; or
(3) a newly eligible employee of a reinsured small employer group, the employee’s dependent, or an individual covered under the small employer health benefit plan not later than the 60th day after the date the individual’s coverage takes effect.