(a) The company may create, acquire, or otherwise own or operate one or more subsidiaries that offer accident or health insurance or another type of health benefit coverage or health benefit plan as provided by this subchapter.
(b) A subsidiary of the company may offer in this state:
(1) accident or health insurance or another type of health benefit plan authorized under this code, in accordance with a certificate of authority issued to the subsidiary under this code; or
(2) alternative health benefit coverage as described by § 2054.601.

(c) A subsidiary of the company may not offer or issue an occupational policy for an employer or an employer’s employees covering an occupational bodily injury, disease, or death that explicitly provides liability coverage to an employer that elects not to maintain workers’ compensation insurance coverage under Chapter 406, Labor Code.