Texas Insurance Code 1467.005 – Reform
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Terms Used In Texas Insurance Code 1467.005
- Settlement: Parties to a lawsuit resolve their difference without having a trial. Settlements often involve the payment of compensation by one party in satisfaction of the other party's claims.
This chapter may not be construed to prohibit:
(1) a health benefit plan issuer or administrator from, at any time, offering a reformed claim settlement; or
(2) an out-of-network provider from, at any time, offering a reformed charge for health care or medical services or supplies.