Texas § IN.1272.152 - GENERAL RESERVE REQUIREMENTS
Full text of Texas The Texas Constitution § IN.1272.152 — GENERAL RESERVE REQUIREMENTS, with citation guidance and answers to common questions.
§ IN.1272.152. GENERAL RESERVE REQUIREMENTS
GENERAL RESERVE REQUIREMENTS. (a) A delegated network shall maintain reserves adequate for the liabilities and risks assumed by the network, as computed in accordance with accepted standards, practices, and procedures relating to the liabilities and risks for which the reserves are maintained, including known and unknown components and anticipated expenses of providing benefits or services. (b) Except as provided by Sections 1272.153 and 1272.154 , a delegated network shall maintain reserves as described by Subsection (c) only with respect to the portion of services assumed under the delegation agreement that is outside the scope of the network's license for medical care or hospital or other institutional services, as applicable. (c) A delegated network shall maintain financial reserves equal to the greater of: (1) 80 percent of the amount of liabilities and risks for which reserves must be maintained under this subchapter and that have been incurred but not paid by the network; or (2) an amount equal to two months of the premium amount assumed by the network for services with respect to which reserves must be maintained under this subchapter. Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Frequently Asked Questions About Texas § IN.1272.152
What does The Texas Constitution § IN.1272.152 cover?
Section IN.1272.152 ("GENERAL RESERVE REQUIREMENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1272.152?
A common citation format is "The Texas Constitution § IN.1272.152" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1272.152 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.