Texas § IN.843.406 - HAZARDOUS FINANCIAL CONDITION
Full text of Texas The Texas Constitution § IN.843.406 — HAZARDOUS FINANCIAL CONDITION, with citation guidance and answers to common questions.
§ IN.843.406. HAZARDOUS FINANCIAL CONDITION
HAZARDOUS FINANCIAL CONDITION. (a) If the financial condition of a health maintenance organization indicates that the continued operation of the health maintenance organization could be hazardous to its enrollees or creditors or the public, the commissioner may, after notice and opportunity for hearing: (1) suspend or revoke the health maintenance organization's certificate of authority; or (2) order the health maintenance organization to take action reasonably necessary to correct the condition, including by: (A) reducing by reinsurance the total amount of present and potential liability for benefits; (B) reducing the volume of new business being accepted; (C) reducing expenses by specified methods; (D) suspending or limiting for a period the writing of new business; or (E) increasing the health maintenance organization's capital and surplus by contribution. (b) In a manner consistent with the purposes of this section, the commissioner by rule may establish: (1) uniform standards and criteria for early warning that the continued operation of a health maintenance organization could be hazardous to the health maintenance organization's enrollees or creditors or the public; and (2) standards for evaluating the financial condition of a health maintenance organization. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.843.406
What does The Texas Constitution § IN.843.406 cover?
Section IN.843.406 ("HAZARDOUS FINANCIAL CONDITION") 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.843.406?
A common citation format is "The Texas Constitution § IN.843.406" (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.843.406 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.