Texas § IN.401.008 - HARDSHIP EXEMPTION
Full text of Texas The Texas Constitution § IN.401.008 — HARDSHIP EXEMPTION, with citation guidance and answers to common questions.
§ IN.401.008. HARDSHIP EXEMPTION
HARDSHIP EXEMPTION. (a) An insurer or health maintenance organization that is not eligible for an exemption under Section 401.006 or 401.007 may apply to the commissioner for a hardship exemption. (b) Subject to Subsection (c), the commissioner may grant an exemption under this section if the commissioner finds, after reviewing the application, that compliance with this subchapter would constitute a severe financial or organizational hardship for the insurer or health maintenance organization. The commissioner may grant the exemption at any time for one or more specified periods. (c) The commissioner may not grant an exemption under this section if: (1) the exemption would diminish the department's ability to monitor the financial condition of the insurer or health maintenance organization; or (2) the insurer or health maintenance organization: (A) during the five-year period preceding the date the application for the exemption is made: (i) has been placed under supervision, conservatorship, or receivership; (ii) has undergone a change in control, as described by Section 823.005 ; or (iii) has been subject to a significant number of complaints, as determined by the commissioner; (B) has been identified by the department as troubled; (C) has been or is the subject of a disciplinary action by the department; or (D) is not complying with the law or with a rule adopted by the commissioner. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.401.008
What does The Texas Constitution § IN.401.008 cover?
Section IN.401.008 ("HARDSHIP EXEMPTION") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.401.008?
A common citation format is "The Texas Constitution § IN.401.008" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.401.008 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.