Bill > SB745

This bill creates a health insurance risk pool in Texas to provide a reinsurance mechanism to reduce individual market health benefit plan premiums by mitigating the impact of high-risk individuals on rates. The bill requires the Texas insurance commissioner to apply for a federal waiver and, if granted, use federal money to establish and administer the risk pool. The bill also authorizes the commissioner and a board of directors to adopt rules, enter into contracts, and assess health benefit plan issuers to fund the pool's operations.