Texas Insurance Code 1365.001 – Applicability of Subchapter
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Terms Used In Texas Insurance Code 1365.001
- Contract: A legal written agreement that becomes binding when signed.
- 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.
This subchapter applies only to a group health benefit plan that provides hospital and medical coverage on an expense-incurred, service, or prepaid basis, including a group policy, contract, or plan that is offered in this state by:
(1) an insurer;
(2) a group hospital service corporation operating under Chapter 842; or
(3) a health maintenance organization operating under Chapter 843.