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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of certain funds from the Texas Health Insurance |
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Pool. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1.Section 1506.260, Insurance Code, is amended to |
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read as follows: |
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Sec. 1506.260. FUNDING FOR PREMIUM DISCOUNTS. (a) The board |
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shall collect penalty payments and interest paid by health |
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maintenance organizations as provided by Section 843.342 and |
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insurers as provided by Section 1301.137. |
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(b) The board may use funds collected under this section only |
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to finance premium discounts under Section 1506.105(e-1). |
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(c) Excess funds that are not needed to finance premium |
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discounts, but in no case greater than $10,700,000.00, shall be |
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allocated to the Texas Health Services Authority to be used only to |
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implement the Texas Health Services Authority's purpose under Texas |
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Health and Safety Code Chapter 182. This subsection expires August |
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31, 2015. |
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(d) The board may require a health maintenance organization |
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or an insurer to make payments under this section and make reports |
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concerning those payments in a manner determined by the board. |
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SECTION 2.This Act takes effect September 1, 2013. |