Texas Insurance Code
§ 843.404 — ADDITIONAL NET WORTH REQUIREMENTS
IN § 843.404Title 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)The commissioner may adopt rules or by rule establish guidelines requiring a health maintenance organization to maintain a specified net worth based on:
(1)the nature and kind of risks the health maintenance organization underwrites or reinsures;
(2)the premium volume of risks the health maintenance organization underwrites or reinsures;
(3)the composition, quality, duration, or liquidity of the health maintenance organization's investment portfolio;
(4)fluctuations in the market value of securities the health maintenance organization holds;
(5)the adequacy of the health maintenance organization's reserves;
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Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.