Sec. 101.055.  EXCEPTION;  CERTAIN ENTITIES THAT REIMBURSE MEDICAL EXPENSES.  (a)  Section 101.051(b)(7) does not apply to:
(1)  a program otherwise authorized by law that is established:
(A)  by a political subdivision of this state;
(B)  by a state agency;  or
(C)  under Chapter 791, Government Code;  or
(2)  a multiple employer welfare arrangement that is fully insured as defined by 29 U.S.C. Section 1144(b)(6).
(b)  Notwithstanding Subsection (a)(2), the commissioner may apply a law regulating the business of insurance to a multiple employer welfare arrangement described by that subdivision to the extent that the law provides:
(1)  standards requiring the maintenance of specified levels of contributions that the plan, or a trust established under the plan, must meet to be considered able to pay benefits in full when due;  and
(2)  provisions to enforce the standards described by Subdivision (1).
Added by Acts 1999, 76th Leg., ch. 101, Sec. 1, eff. Sept. 1, 1999.