Due to a new Texas law referred to as HB 4341, discount medical health programs are now required to post a $50,000 surety bond. Any insurers that already have a certificate of authority under existing law would be exempt from this new requirement. The new law directs the Insurance Department to determine the specifics of the law. This new requirement will be effective on April 1, 2010.
Texas Medical Bond
August 7, 2009 by Eric Weisbrot
Category: Commercial Bonds, Surety NewsTags: bond requirements, legislation, medical, texas, tx |
