By: Paxton S.B. No. 1220
A BILL TO BE ENTITLED
AN ACT
relating to the use of certain funds from the Texas Health Insurance
Pool.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1.Section 1506.260, Insurance Code, is amended to
read as follows:
Sec. 1506.260. FUNDING FOR PREMIUM DISCOUNTS. (a) The board
shall collect penalty payments and interest paid by health
maintenance organizations as provided by Section 843.342 and
insurers as provided by Section 1301.137.
(b) The board may use funds collected under this section only
to finance premium discounts under Section 1506.105(e-1).
(c) Excess funds that are not needed to finance premium
discounts, but in no case greater than $10,700,000.00, shall be
allocated to the Texas Health Services Authority to be used only to
implement the Texas Health Services Authority's purpose under Texas
Health and Safety Code Chapter 182. This subsection expires August
31, 2015.
(d) The board may require a health maintenance organization
or an insurer to make payments under this section and make reports
concerning those payments in a manner determined by the board.
SECTION 2.This Act takes effect September 1, 2013.