{"data":{"id":"us-tx/tex.-insurance-code-1683.007","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1683.007","heading":"ACTUARIAL SOUNDNESS.","body":"(a) A postsecondary educational institution that offers higher education health benefits under this chapter shall administer the benefits in a manner that is actuarially sound.\n(b) The postsecondary educational institution shall ensure the higher education health benefits offered by the postsecondary educational institution are actuarially sound by:\n(1) obtaining an actuarial opinion from an actuary who is a fellow of the Society of Actuaries or a member of the American Academy of Actuaries that recommends the amount of cash reserves and the level of specific and aggregate stop-loss insurance the postsecondary educational institution should maintain for purposes of administering the benefits; and\n(2) maintaining the levels of cash reserves and stop-loss insurance recommended by the actuarial opinion obtained under Subdivision (1).\nAdded by Acts 2025, 89th Leg., R.S., Ch. 16 (S.B. 1409), Sec. 2, eff. May 13, 2025.","path":["INSURANCE CODE","TITLE 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES","SUBTITLE K. CERTAIN BENEFITS AND ARRANGEMENTS THAT ARE NOT INSURANCE","CHAPTER 1683. HEALTH BENEFITS PROVIDED BY CERTAIN POSTSECONDARY EDUCATIONAL INSTITUTIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1683.htm#1683.007","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c6b8b2b1366bbee69cf65c6b0efe80bff8bc14b228bcd227dac46ffb66a9e21c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1683.006","next":"us-tx/tex.-insurance-code-1693.001"},"notice":"GroundRules: Original legal text. Not legal advice."}