Texas Insurance Code 842.252 – Membership Certificate; Contract
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(a) A group hospital service corporation shall issue to each member a membership certificate that states the benefits to which the member is or may become entitled.
(b) The department must approve the form of:
(1) the membership certificate; and
(2) any contract made between the group hospital service corporation and the member’s employer or group representative.
Terms Used In Texas Insurance Code 842.252
- 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.