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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 12INDEPENDENT REVIEW ORGANIZATIONS
SUBCHAPTER DENFORCEMENT OF INDEPENDENT REVIEW STANDARDS
RULE §12.303Surrender of Certificate of Registration
(a) Under Insurance Code §4202.002(c)(2)(B) an IRO that enters into an agreed order with the department that includes surrendering its certificate of registration, must surrender the organization's certificate of registration immediately on the request of the department.

(b) Independent reviews will not be assigned to an IRO during a surrender of the IRO's certificate of registration.

 (c) Surrender of an IRO's certificate of registration does not negate the requirement in §12.208(i) of this subchapter that an IRO must retain information generated and obtained by the IRO in the course of a review for at least four years or the obligation to complete all independent reviews assigned to the IRO before its the surrender of the certificate of registration.

Source Note: The provisions of this §12.303 adopted to be effective December 26, 2010, 35 TexReg 11281; amended to be effective July 7, 2015, 40 TexReg 2538

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