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A BILL TO BE ENTITLED
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AN ACT
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relating to an entity's election to participate in or discontinue |
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participation in 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. Sections 1579.155(a) and (c), Insurance Code, |
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are amended to read as follows: |
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(a) Effective September 1, 2022, a participating entity may |
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elect to discontinue the entity's participation in the program by |
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providing written notice to the trustee not later than May |
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[December] 31 of the year preceding the first day of the plan year |
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in which the election will be effective. |
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(c) Effective September 1, 2022, an entity that elects to |
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participate in the program shall provide written notice to the |
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trustee not later than May [December] 31 of the year preceding the |
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first day of the plan year in which the election will be effective. |
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The entity may not elect to discontinue the entity's participation |
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until the fifth anniversary of the effective date of the entity's |
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election to participate. |
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SECTION 2. This Act takes effect September 1, 2023. |