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A BILL TO BE ENTITLED
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AN ACT
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relating to the use of certain funds of the Texas Health Insurance |
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Pool. |
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BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS: |
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SECTION 1. Section 1506.260, Insurance Code, is amended to |
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read as follows: |
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Sec. 1506.260. USE OF CERTAIN PENALTY PAYMENTS [FUNDING FOR
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PREMIUM DISCOUNTS]. (a) The board shall collect penalty payments |
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and interest paid by health maintenance organizations as provided |
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by Section 843.342 and insurers as provided by Section 1301.137. |
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(b) Except as provided by this subsection, the [The] board |
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may use funds collected under this section only to finance premium |
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discounts under Section 1506.105(e-1). If those funds are no longer |
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necessary to finance those premium discounts, the funds shall be |
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directed, at the board's discretion, to the fund established under |
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Subchapter F, Chapter 1508, for a purpose provided by that |
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subchapter or to the corporation established under Chapter 182, |
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Health and Safety Code, for a purpose provided by that chapter. |
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(c) The board may require a health maintenance organization |
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or an insurer to make payments under this section and make reports |
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concerning those payments in a manner determined by the board. |
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SECTION 2. This Act takes effect September 1, 2013. |