Tex.
Ins. Code Section 846.058
Disqualification
(a)
A multiple employer welfare arrangement, each board member and officer of the arrangement, and any agent or other person associated with the arrangement shall be subject to disqualification for eligibility for a certificate of authority if the person:(1)
makes a material misstatement or omission in an application for a certificate of authority under this chapter;(2)
obtains or attempts to obtain at any time a certificate of authority or license for an insurance entity through intentional misrepresentation or fraud;(3)
misappropriates or converts to the person’s own use or improperly withholds money under an employee welfare benefit plan or multiple employer welfare arrangement;(4)
is prohibited from serving in any capacity with the arrangement under Section 411, Employee Retirement Income Security Act of 1974 (29 U.S.C. Section 1111);(5)
without reasonable cause or excuse, fails to appear in response to a subpoena, examination, warrant, or any other order lawfully issued by the commissioner; or(6)
has previously been subject to a determination by the commissioner resulting in:(A)
suspension or revocation of a certificate of authority or license; or(B)
denial of a certificate of authority or license on grounds that would be sufficient for suspension or revocation.(b)
This section does not apply to a participating employer in its capacity as a participating employer and the employer’s participating employees.
Source:
Section 846.058 — Disqualification, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.846.htm#846.058 (accessed Jun. 5, 2024).
