A PEO may not sponsor a plan in Texas unless the PEO has received a certificate of approval issued under this subchapter and is operating its plan and trust as required by this subchapter. If a PEO receives and maintains a certificate of approval under this subchapter, it will not be considered an unauthorized insurer for purposes of Insurance Code Chapter 101, concerning Unauthorized Insurance.

Source Note: The provisions of this §13.530 adopted to be effective May 17, 2016, 41 TexReg 3479