The following time limits and extension requirements have been established for names reserved for use by a proposed HMO.

1. (1) The requested name is reserved for 365 days from the date the name is accepted by the commissioner.

2. (2) Before the end of this 365-day period, a proposed HMO which has not submitted an application for a certificate of authority may request that the name reservation be extended for an additional 365-day period by submitting the following:

   1. (A) letter of request for extension; and
   2. (B) a statement explaining the current status of the proposed HMO and the estimated date on which an application for a certificate of authority will be filed.
3. (3) Extension requests may not be submitted more than 30 days before the end of the 365-day period for which the name is reserved.
4. (4) If the information detailed in paragraph (2) of this section is not received before the expiration of 365 days, the name reservation expires, and the proposed HMO must wait 30 days before filing a new name application form.
5. (5) If the extension request is received before the expiration of 365 days and if the statement of status sufficiently explains why the proposed HMO has not yet filed an application for a certificate of authority, then the name reservation may be extended for another 365-day period.
6. (6) The requirements of paragraph (2) of this section must be met every 365 days until an application for certificate of authority is filed.

Source Note:The provisions of this §11.106 adopted to be effective January 1, 1980, 4 TexReg 4615; amended to be effective November 27, 1987, 12 TexReg 4259; amended to be effective August 17, 1992, 17 TexReg 5352; amended to be effective November 2, 1998, 23 TexReg 11347.