(a) Not later than the 180th day before the one-year anniversary of the date on which a health care collaborative’s certificate of authority was issued or most recently renewed, the health care collaborative shall file with the commissioner an application to renew the certificate.
(b) An application for renewal must:
(1) be verified by at least two principal officers of the health care collaborative; and
(2) include:
(A) a financial statement of the health care collaborative, including a balance sheet and receipts and disbursements for the preceding calendar year, certified by an independent certified public accountant;
(B) a description of the service area of the health care collaborative;
(C) a description of the number and types of physicians and health care providers participating in the health care collaborative;
(D) an evaluation of the quality and cost of health care services provided by the health care collaborative;
(E) an evaluation of the health care collaborative’s processes to promote evidence-based medicine, patient engagement, and coordination of health care services provided by the health care collaborative;
(F) the number, nature, and disposition of any complaints filed with the health care collaborative under Section 848.107; and
(G) any other information required by the commissioner.

(c) If a completed application for renewal is filed under this section:
(1) the commissioner shall conduct a review under Section 848.057 as if the application for renewal were a new application, and, on approval by the commissioner, the attorney general shall review the application under Section 848.059 as if the application for renewal were a new application; and
(2) the commissioner shall renew or deny the renewal of a certificate of authority at least 20 days before the one-year anniversary of the date on which a health care collaborative’s certificate of authority was issued.
(d) If the commissioner does not act on a renewal application before the one-year anniversary of the date on which a health care collaborative’s certificate of authority was issued or renewed, the health care collaborative’s certificate of authority expires on the 90th day after the date of the one-year anniversary unless the renewal of the certificate of authority or determination of approval, as applicable, is approved before that date.
(e) A health care collaborative shall report to the department a material change in the size or composition of the collaborative. On receipt of a report under this subsection, the department may require the collaborative to file an application for renewal before the date required by Subsection (a).