| (11) number of and estimated amount of all losses outstanding
in Texas, including claims incurred but not reported;
(12) a plan to handle the losses specified in paragraph
(11) of this subsection, including, but not limited to:
(A) identification of what assets will be available
for paying outstanding incurred but not reported claims, claims in
the course of settlement, and associated loss adjustment expenses;
and
(B) identification of who specifically will administer
the run off of the business, if any;
(13) provisions for meeting any applicable statutory
obligations;
(14) affirmation that the HMO will comply with §7.1808
of this title, as applicable; and
(15) a list of any other products the HMO will continue
to sell in Texas in each service area.
(c) The filing of a single consolidated withdrawal
plan for all withdrawing insurance companies or HMOs in the same holding
company system, as defined in Insurance Code §823.006, does not
meet the requirements of this subchapter. A separate withdrawal plan
must be filed for each insurance company or HMO intending to withdraw
from a line or lines of insurance.
|
| Source Note: The provisions of this §7.1805 adopted to be effective July 22, 1993, 18 TexReg 4504; amended to be effective January 30, 2002, 27 TexReg 610; amended to be effective June 19, 2018, 43 TexReg 3902 |
