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Senate Bill 874 |
Senate Author: Hegar |
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Effective: 6-14-13 |
House Sponsor: Sanford |
Senate Bill 874 amends the Insurance Code to establish the conditions under which a faith-based, nonprofit organization that is tax-exempt under the Internal Revenue Code of 1986 qualifies for treatment as a health care sharing ministry and to specify that a health care sharing ministry that acts in accordance with those conditions is not considered to be engaging in the business of insurance. The bill exempts a health care sharing ministry from certain Insurance Code provisions.