Texas Discount Medical Health Care Bond

TexasDiscount medical health care programs are impacted by a new bill in Texas State. The new bill, which is referred to as HB 4341 requires operators of discount medical health care programs to acquire a $50,000 surety bond. All insurers who attained a certificate of authority under the present law would be excused from the surety bond requirement. HB 4341 directs the Insurance Department to establish the specifics of the surety bond requirement. The new bill became active on April 1st, 2010.