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A BILL TO BE ENTITLED
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AN ACT
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relating to notice given to insurance policy or certificate holders |
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concerning certain premium taxes. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subtitle B, Title 3, Insurance Code, is amended |
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by adding Chapter 230 to read as follows: |
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CHAPTER 230. NOTICE TO POLICY OR CERTIFICATE HOLDERS |
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Sec. 230.001. APPLICABILITY. This chapter applies only to |
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an insurer, insurance company, organization, concern, or surplus |
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lines insurer or agent required to pay a premium tax under Chapter |
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221, 222, 223, 224, 225, or 226. The term includes a reciprocal or |
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interinsurance exchange, Lloyd's plan, group hospital service |
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corporation, health maintenance organization, and managed care |
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organization. |
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Sec. 230.002. ITEMIZED BILLING STATEMENT REQUIRED. An |
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entity to which this chapter applies shall include in each billing |
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statement for coverage or services provided an itemized description |
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of the amount of the premium charged that is directly attributable |
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to the imposition on and payment by the billing entity of any |
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applicable premium tax. |
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Sec. 230.003. RULES. The commissioner shall adopt rules as |
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necessary to implement this chapter. |
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SECTION 2. The change in law made by this Act applies only |
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to an insurance policy, certificate, or contract that is delivered, |
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issued for delivery, or renewed on or after January 1, 2010. An |
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insurance policy, certificate, or contract that is delivered, |
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issued for delivery, or renewed before January 1, 2010, is covered |
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by the law in effect at the time the insurance policy, certificate, |
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or contract was delivered, issued for delivery, or renewed, and |
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that law is continued in effect for that purpose. |
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SECTION 3. This Act takes effect September 1, 2009. |