Texas § IN.843.404 - ADDITIONAL NET WORTH REQUIREMENTS
Full text of Texas The Texas Constitution § IN.843.404 — ADDITIONAL NET WORTH REQUIREMENTS, with citation guidance and answers to common questions.
§ IN.843.404. ADDITIONAL NET WORTH REQUIREMENTS
ADDITIONAL NET WORTH REQUIREMENTS. (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; (6) the number of individuals enrolled by the health maintenance organization; or (7) other business risks. (b) Rules adopted or guidelines established under this section must be designed to ensure the financial solvency of health maintenance organizations for the protection of enrollees. The rules or guidelines may provide for a health maintenance organization to comply with a risk-based net worth requirement established under this section in stages over a two-year period. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.843.404
What does The Texas Constitution § IN.843.404 cover?
Section IN.843.404 ("ADDITIONAL NET WORTH 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.843.404?
A common citation format is "The Texas Constitution § IN.843.404" (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.843.404 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.