1. (a) Each small employer carrier shall file with the commissioner notification of whether the carrier elects to operate as a risk-assuming or reinsured carrier. The required filing shall use the form provided at Figure 42 of §26.27(b)(42) of this title (relating to Forms) (Form Number 1212 RISK) for this purpose.
2. (b) A small employer carrier seeking to change its status as a risk-assuming or reinsured carrier shall file an application with the commissioner. The required filing shall include a completed certification form provided at Figure 42 of §26.27(b)(42) of this title (relating to Forms) (Form Number 1212 RISK) and shall provide information demonstrating good cause why the carrier should be allowed to change its status.
3. (c) A small employer carrier applying to become a risk-assuming carrier shall file an application with the commissioner. A completed certification form provided at Figure 42 of §26.27(b)(42) of this title (relating to Forms) (Form Number 1212 RISK) shall accompany each application.

Source Note:The provisions of this §26.18 adopted to be effective April 9, 1996, 21 TexReg 2648; amended March 5, 1998, 23 TexReg 2297.