Texas Insurance Code 1507.005 – Notice to Policyholder
(a) Each written application for participation in a standard health benefit plan must contain the following language at the beginning of the document in bold type:
“You have the option to choose this Consumer Choice of Benefits Health Insurance Plan that, either in whole or in part, does not provide state-mandated health benefits normally required in accident and sickness insurance policies in Texas. This standard health benefit plan may provide a more affordable health insurance policy for you, although, at the same time, it may provide you with fewer health benefits than those normally included as state-mandated health benefits in policies in Texas. If you choose this standard health benefit plan, please consult with your insurance agent to discover which state-mandated health benefits are excluded in this policy.”
(b) Each standard health benefit plan must contain the following language at the beginning of the document in bold type:
“This Consumer Choice of Benefits Health Insurance Plan, either in whole or in part, does not provide state-mandated health benefits normally required in accident and sickness insurance policies in Texas. This standard health benefit plan may provide a more affordable health insurance policy for you, although, at the same time, it may provide you with fewer health benefits than those normally included as state-mandated health benefits in policies in Texas. Please consult with your insurance agent to discover which state-mandated health benefits are excluded in this policy.”
Terms Used In Texas Insurance Code 1507.005
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005