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A BILL TO BE ENTITLED
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AN ACT
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relating to withdrawal of participating entities with more than |
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1,000 employees from the uniform group coverage program for active |
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school employees. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Subchapter D, Chapter 1579, Insurance Code, is |
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amended by adding Section 1579.155 to read as follows: |
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Sec. 1579.155. WITHDRAWAL OF PARTICIPATING ENTITY WITH MORE |
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THAN 1,000 EMPLOYEES. (a) A participating entity that has more |
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than 1,000 employees may withdraw from the program, notwithstanding |
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any previous election or requirement to participate, by notifying |
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the trustee in writing that the entity is withdrawing from the |
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program. |
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(b) Withdrawal from the program under this section is |
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effective on the earliest September 1 that occurs after the |
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earliest March 1 after the date the entity provides the notice |
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required by Subsection (a). |
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(c) A participating entity that withdraws from the program |
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under this section may not resume participation in the program. |
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SECTION 2. This Act takes effect September 1, 2017. |