Sec. 1601.005.  DEFINITION OF CARRIER.  In this chapter, "carrier" means:
(1)  an insurance company that is authorized by the department to provide under this code any of the types of insurance coverages, benefits, or services provided for in this chapter, and that:
(A)  has an adequate surplus;
(B)  has a successful operating history;  and
(C)  has had successful experience, as determined by the department, in providing and servicing any of the types of group coverage provided for in this chapter;
(2)  a corporation operating under Chapter 842 that provides any of the types of coverage, benefits, or services provided for in this chapter and that:
(A)  has a successful operating history;  and
(B)  has had successful experience, as determined by the department, in providing and servicing any of the types of group coverage provided for in this chapter;  or
(3)  any combination of carriers described by Subdivisions (1) and (2) on terms the system prescribes.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 3, eff. June 1, 2003.