Texas § IN.843.403 - MINIMUM NET WORTH
Full text of Texas The Texas Constitution § IN.843.403 — MINIMUM NET WORTH, with citation guidance and answers to common questions.
§ IN.843.403. MINIMUM NET WORTH
MINIMUM NET WORTH. (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. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.843.403
What does The Texas Constitution § IN.843.403 cover?
Section IN.843.403 ("MINIMUM NET WORTH") 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.843.403?
A common citation format is "The Texas Constitution § IN.843.403" (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.843.403 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.