Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 3 - LIFE, ACCIDENT, AND HEALTH INSURANCE AND ANNUITIES
Subchapter AA - LIMITED EXEMPTION FOR INSURANCE COVERAGE FROM THE REQUIREMENTS OF INSURANCE CODE CHAPTER 1701
Section 3.4102 - Coverage Which May Be Exempted
Universal Citation: 28 TX Admin Code § 3.4102
Current through Reg. 50, No. 13; March 28, 2025
The following classes of insurance coverage may be exempted:
(1) group life or accident or health insurance coverage delivered or issued for delivery to the groups authorized by Insurance Code §§ 1131.051, 1131.052, 1251.051, and 1251.052, insofar as it applies to a labor union as group policyholder if the coverage conforms to the following:
(A) it is a result of a
collective bargaining agreement between a labor organization and an
employer;
(B) it is required by the
collective bargaining agreement to go into effect within 60 days of the final
agreement;
(C) it is the subject of
aggressive and knowledgeable bargaining in a fully arms-length fashion on the
part of the policyholder; and
(D)
due to the economic posture of the parties involved, it is impracticable to
obtain prior approval before the policy is issued and delivered;
(2) group life or accident or health insurance coverage delivered or issued for delivery to the groups authorized by Insurance Code § 1131.060 and § 1251.052, if the coverage conforms to the following:
(A) it is
the result of extensive bargaining over the benefits to be afforded and the
rates to be charged;
(B) it is
required by the policyholder to go into effect within 60 days of the final
agreement between the parties;
(C)
it is the subject of aggressive and knowledgeable bargaining in a fully
arms-length fashion on the part of the policyholder; and
(D) due to the economic posture of the
parties involved, it is impracticable to obtain prior approval before the
policy is issued and delivered.
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