Texas Insurance Code
§ 843.403 — MINIMUM NET WORTH
IN § 843.403Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 843. HEALTH MAINTENANCE ORGANIZATIONS · Art. L. FINANCIAL REGULATION OF HEALTH MAINTENANCE ORGANIZATIONS
Statute text
View on source(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;
…
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.