This law mandates that specified disease insurance policies clearly define the terms 'actual charge' and 'actual fee.' It ensures that these terms reflect the actual amount paid by the insured for services, promoting transparency in insurance agreements.
Requires clear definitions for 'actual charge' and 'actual fee'.
Applies to individual and group specified disease insurance policies.
Promotes transparency in healthcare billing and insurance coverage.
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In simple terms: Learn about Texas's REQUIRED DEFINITIONS: SPECIFIED DISEASE law, including definitions, penalties, and legal implications.. This means people must follow this rule, and breaking it can lead to criminal penalties.
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