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Senate Bill 1171 |
Senate Author: Estes |
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Effective: 5-23-17 |
House Sponsor: Paul |
Senate Bill 1171 amends the Insurance Code to establish procedures for the suspension and reactivation of the operation of the Texas Health Reinsurance System by order of the commissioner of insurance. The bill, among other provisions, provides for the initial suspension of the system's operation, sets out circumstances that trigger a requirement for the commissioner to hold a hearing on authorizing or suspending the system's operation, and conditions the authorization or suspension of the system's operation on a finding that such action is in the public interest.