By: Creighton, et al. S.B. No. 1406     (Smithee, Fallon)           A BILL TO BE ENTITLED   AN ACT   relating to the authority of the commissioner of insurance to   request a state innovation waiver for certain small group health   benefit plans of certain federal actuarial value and level of   coverage requirements.          BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF TEXAS:          SECTION 1.  Subchapter F, Chapter 1501, Insurance Code, is   amended by adding Section 1501.2561 to read as follows:          Sec. 1501.2561.  WAIVER OF CERTAIN FEDERAL REQUIREMENTS.     The commissioner may apply to and negotiate with the United States   secretary of health and human services to obtain a waiver under 42   U.S.C. Section 18052 for small employer health benefit plans of the   actuarial value requirements and related levels of health plan   coverage requirements imposed under 42 U.S.C. Section 18022(d)(3).          SECTION 2.  This Act takes effect immediately if it receives   a vote of two-thirds of all the members elected to each house, as   provided by Section 39, Article III, Texas Constitution.  If this   Act does not receive the vote necessary for immediate effect, this   Act takes effect September 1, 2017.