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Texas Insurance Code - INS § 843.403. Minimum Net Worth

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

(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;

(3) bonds or other evidences of indebtedness of the United States that are guaranteed as to principal and interest by the United States;  or

(4) bonds or other interest-bearing evidences of indebtedness of a county or municipality of this state.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 843.403. Minimum Net Worth - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-843-403/

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