Texas Insurance Code 848.202 – Operations During Suspension or After Revocation of Certificate of Authority
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(a) During the period a certificate of authority of a health care collaborative is suspended, the health care collaborative may not:
(1) enter into a new contract with a governmental or private entity; or
(2) advertise or solicit in any way.
(b) After a certificate of authority of a health care collaborative is revoked, the health care collaborative:
(1) shall proceed, immediately following the effective date of the order of revocation, to conclude its affairs;
(2) may not conduct further business except as essential to the orderly conclusion of its affairs; and
(3) may not advertise or solicit in any way.
Terms Used In Texas Insurance Code 848.202
- Contract: A legal written agreement that becomes binding when signed.
- Written: includes any representation of words, letters, symbols, or figures. See Texas Government Code 311.005
(c) Notwithstanding Subsection (b), the commissioner may, by written order, permit the further operation of the health care collaborative to the extent that the commissioner finds necessary to serve the best interest of governmental or private entities that have entered into contracts with the health care collaborative.