Texas Insurance Code
§ 842.051 — APPLICATION FOR CORPORATE CHARTER; NONPROFIT STATUS REQUIRED
IN § 842.051Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 842. GROUP HOSPITAL SERVICE CORPORATIONS · Art. B. FORMATION AND STRUCTURE OF GROUP HOSPITAL SERVICE CORPORATION
Statute text
View on source(a)Seven or more persons, a majority of whom are superintendents of hospitals or physicians licensed by the Texas State Board of Medical Examiners, may apply to the secretary of state for a corporate charter to operate a group hospital service corporation.
(b)A group hospital service corporation must be governed and operated as a nonprofit organization.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.