Form FIN412 Professional Employer Organization Application for a Certificate of Approval to Sponsor a Client Employer Health Benefit Plan - Texas

What Is Form FIN412?

This is a legal form that was released by the Texas Department of Insurance - a government authority operating within Texas. As of today, no separate filing guidelines for the form are provided by the issuing department.

FAQ

Q: What is FIN412?
A: FIN412 is a professional employer organization application for a Certificate of Approval to sponsor a client employer health benefit plan in Texas.

Q: What is a professional employer organization (PEO)?
A: A professional employer organization (PEO) is a company that provides human resources services to other businesses, including managing employee benefits.

Q: What is a Certificate of Approval?
A: A Certificate of Approval is a document issued by the state of Texas that allows a professional employer organization to sponsor a health benefit plan on behalf of client employers.

Q: What is a client employer?
A: A client employer is a business that contracts with a professional employer organization (PEO) to outsource its human resources management, including employee benefits.

Q: What is a client employer health benefit plan?
A: A client employer health benefit plan is a health insurance plan provided to employees of a client employer through a professional employer organization (PEO).

Q: Who needs to file FIN412?
A: Any professional employer organization (PEO) that wants to sponsor a client employer health benefit plan in Texas needs to file FIN412.

Q: What are the requirements for filing FIN412?
A: The requirements for filing FIN412 include completing the form accurately, providing supporting documentation, paying the required fees, and meeting all the regulatory requirements.

Q: How long does it take to process the FIN412 application?
A: The processing time for the FIN412 application may vary, but it typically takes several weeks to complete the review and approval process.

Q: What happens after the FIN412 application is approved?
A: After the FIN412 application is approved, the professional employer organization (PEO) will receive a Certificate of Approval, which allows them to sponsor a client employer health benefit plan in Texas.