Bill Text: TX HB4229 | 2023-2024 | 88th Legislature | Introduced

Texas House Bill 4229

Introduced

Bill Title: Relating to an entity's election to participate in or discontinue participation in the uniform group coverage program for active school employees.

Spectrum: Partisan Bill (Republican 1-0)

Status: (Introduced - Dead) 2023-03-21 - Referred to Pensions, Investments & Financial Services [HB4229 Detail]

Download: Texas-2023-HB4229-Introduced.html

	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.