tx-July312026-30: 28 TAC §21.5501, §21.5503 (Amendment) — Trade Practices
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§21.5503 STATUTORY AUTHORITY. TDI proposes amendments to §21.5501 and §21.5503 under Insurance Code §1662.004 and §36.001. Insurance Code §1662.004 authorizes the commissioner to adopt rules necessary to implement Insurance Code Chapter 1662. Insurance Code §36.001 provides that the commissioner may adopt any rules necessary and appropriate to implement the powers and duties of TDI under the Insurance Code and other laws of this state. CROSS-REFERENCE TO STATUTE. Sections 21.5501 and 21.5503 implement Insurance Code Chapter 1662. §21.5501. Applicability and Effective Date. (a) Except as provided in subsections (b) and (c) of this section, this subchapter applies to issuers of health benefit plans as specified in Insurance Code §1662.003, concerning Applicability of Chapter, that provide major medical coverage for which federal reporting requirements under 26 CFR [C.F.R.] Part 54, concerning Pension Excise Taxes; 29 CFR [C.F.R.] Part 2590, concerning Rules and Regulations for Group Health Plans; 45 CFR [C.F.R.] Part 147, concerning Health Insurance Reform Requirements for the Group and Individual Health Insurance Markets; and 45 CFR [C.F.R.] Part 158, concerning Issuer Use of...
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