Tex. Ins. Code § 1272.155 · Subchapter D. RESERVE REQUIREMENTS
FORM OF RESERVES.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
The reserves required under this subchapter must be:
(1) secured by and consist only of United States legal tender or bonds of the United States or this state;
(2) held at a financial institution in this state that is chartered by the United States or this state; and
(3) held in trust for, for the benefit of, or to provide health care services to enrollees under the delegation agreement.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1272.htm
- Text hash
- sha256 49cd1ac0ab9df14e2afd1fc07e7341051b96157cf1264bc1ac880eb8e891929f
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.