Texas Insurance Code 1501.051 – Definitions
Terms Used In Texas Insurance Code 1501.051
- Year: means 12 consecutive months. See Texas Government Code 311.005
In this subchapter:
(1) “Board of directors” means the board of directors elected by a private purchasing cooperative or a health group cooperative.
(2) “Board of trustees” means the board of trustees of the Texas cooperative.
(3) “Cooperative” means a private purchasing cooperative or a health group cooperative established under this subchapter.
(3-a) “Eligible single-employee business” means a business entity that:
(A) is owned and operated by a sole proprietor;
(B) employed an average of fewer than two employees on business days during the preceding calendar year; and
(C) is eligible to participate in a cooperative under this subchapter in accordance with Section 1501.066.
(3-b) “Expanded service area” means any area larger than one county in which a health group cooperative offers coverage.
(4) “Texas cooperative” means the Texas Health Benefits Purchasing Cooperative established under Section 1501.052.