(a) Chapters 1365 and 1368 and Subchapters A and C, Chapter 1451, apply to:
(1) a certificate of insurance issued to a resident of this state under a group accident and health insurance policy delivered, issued for delivery, or renewed outside this state; or
(2) a certificate issued to a resident of this state under a policy delivered, issued for delivery, or renewed outside this state by a group hospital service corporation.
(b) Subsection (a) does not apply to a specified disease or limited benefit policy.

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Terms Used In Texas Insurance Code 1251.451

  • Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.