Texas Insurance Code

§ 842.101 — ISSUANCE OF CERTIFICATE OF AUTHORITY

IN § 842.101Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 842. GROUP HOSPITAL SERVICE CORPORATIONS · Art. C. AUTHORITY TO ENGAGE IN BUSINESS

Statute text

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(a)The department shall issue to a group hospital service corporation a certificate of authority that authorizes the corporation to engage in the business of a group hospital service corporation if the corporation:

(1)files a statement acceptable to the department showing solvency; and

(2)complies with this chapter.

(b)The department shall charge the fee prescribed by law for the issuance of the certificate of authority.

Legislative history

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