88R6057 MEW-F
By: Buckley H.B. No. 4229
A BILL TO BE ENTITLED
AN ACT
relating to an entity's election to participate in or discontinue
participation in the uniform group coverage program for active
school employees.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:
SECTION 1. Sections 1579.155(a) and (c), Insurance Code,
are amended to read as follows:
(a) Effective September 1, 2022, a participating entity may
elect to discontinue the entity's participation in the program by
providing written notice to the trustee not later than May
[December] 31 of the year preceding the first day of the plan year
in which the election will be effective.
(c) Effective September 1, 2022, an entity that elects to
participate in the program shall provide written notice to the
trustee not later than May [December] 31 of the year preceding the
first day of the plan year in which the election will be effective.
The entity may not elect to discontinue the entity's participation
until the fifth anniversary of the effective date of the entity's
election to participate.
SECTION 2. This Act takes effect September 1, 2023.