Tex. Ins. Code § 843.407 · Subchapter L. FINANCIAL REGULATION OF HEALTH MAINTENANCE ORGANIZATIONS
RECEIVERSHIP AND DELINQUENCY PROCEEDINGS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In addition to all other remedies available by law, if the commissioner believes that a health maintenance organization or another person is insolvent or does not maintain the net worth required under Sections 843.403, 843.4031, and 843.404, the commissioner may bring an action in a Travis County district court to be named receiver in accordance with Section 843.157 and Chapter 443.
(b) The court may:
(1) find that a receiver should take charge of the assets of the health maintenance organization; and
(2) name the commissioner as the receiver of the health maintenance organization in accordance with Section 843.157 and Chapter 443.
(c) The operations and business of a health maintenance organization represent the business of insurance for purposes of Section 843.157 and Chapters 441 and 443.
(d) Exclusive venue of receivership and delinquency proceedings for a health maintenance organization is in Travis County.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.051, eff. April 1, 2009.
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 11ea2153181ee92e6cd8e1823265face4986bf31d1b6df8cf892d4535c1eafa4
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Insurance Code
- Tex. Ins. Code § 843.157REHABILITATION, LIQUIDATION, SUPERVISION, OR CONSERVATION OF HEALTH MAINTENANCE ORGANIZATION.Printed as Section 843.157
- Tex. Ins. Code § 843.403MINIMUM NET WORTH.Printed as Sections 843.403, 843.4031, and 843.404
- Tex. Ins. Code § 843.404ADDITIONAL NET WORTH REQUIREMENTS.Printed as Sections 843.403, 843.4031, and 843.404
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.