REQUIRED DEFINITIONS: SPECIFIED DISEASE POLICY.
Tex. INS Code § 1201.0601.
in effectAn individual or group specified disease insurance policy that uses the term "actual charge" or "actual fee" must define the terms as follows:
"Actual charge" or "actual fee" means the amount actually paid by or on behalf of the insured and accepted by a provider for services provided.
Added by Acts 2005, 79th Leg., Ch. 974 (H.B. 1775 ), Sec. 1, eff. September 1, 2005.