In this subchapter, "alternative health benefit coverage" means health benefit coverage:

1. (1) provided by a subsidiary of the company that is not authorized to engage in the business of insurance in this state;

2. (2) offered only to:

   1. (A) individuals;
   2. (B) small businesses with not more than 250 full-time equivalent employees; or
   3. (C) the company's policyholders or their employees; and

3. (3) that is not:

   1. (A) provided through an insurance policy or other product the offering or issuance of which constitutes the business of insurance in this state; or
   2. (B) benefit coverage subject to the laws governing workers' compensation in this state.

Added by Acts 2021, 87th Leg., R.S., Ch. 1019 (H.B. 3752), Sec. 2, eff. September 1, 2021.