Texas Insurance Code

§ 842.052 — MINIMUM MEMBERSHIP REQUIREMENTS

IN § 842.052Title 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

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(a)Before a group hospital service corporation may be incorporated, the corporation must have collected in advance from at least 500 applicants for membership:

(1)the application fee; and

(2)an amount at least equal to the amount charged by the corporation for one month's premium for coverage.

(b)A group hospital service corporation must maintain a membership of at least 500 as a condition of continued operation.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.