Tex. Ins. Code § 843.403 · Subchapter L. FINANCIAL REGULATION OF HEALTH MAINTENANCE ORGANIZATIONS
MINIMUM NET WORTH.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A health maintenance organization authorized to provide basic health care services shall maintain a minimum net worth of $1.5 million.
(b) A health maintenance organization authorized to provide limited health care services shall maintain a minimum net worth of $1 million.
(c) A health maintenance organization authorized to offer only a single health care service plan shall maintain a minimum net worth of $500,000.
(d) The minimum net worth required by this section may consist only of:
(1) money of the United States;
(2) bonds of this state;
(3) bonds or other evidences of indebtedness of the United States that are guaranteed as to principal and interest by the United States; or
(4) bonds or other interest-bearing evidences of indebtedness of a county or municipality of this state.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.843.htm
- Text hash
- sha256 9007171d5660d99be856737cbf98a95d3f6c8e3307e07d8bc06d66117cd7d712
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 843.403. Each shows the citation as that text prints it.
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.