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Texas Insurance Code - INS § 1272.155. Form of Reserves

Current as of January 01, 2024 | Updated by Findlaw Staff

The reserves required under this subchapter must be:

(1) secured by and consist only of United States legal tender or bonds of the United States or this state;

(2) held at a financial institution in this state that is chartered by the United States or this state;  and

(3) held in trust for, for the benefit of, or to provide health care services to enrollees under the delegation agreement.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 1272.155. Form of Reserves - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-1272-155/

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