Sec. 843.407. RECEIVERSHIP AND DELINQUENCY PROCEEDINGS. (a) In addition to all other remedies available by law, if the commissioner believes that a health maintenance organization or another person is insolvent or does not maintain the net worth required under Sections 843.403 , 843.4031, and 843.404 , the commissioner may bring an action in a Travis County district court to be named receiver in accordance with Section 843.157 and Chapter 443 . (b) The court may: (1) find that a receiver should take charge of the assets of the health maintenance organization; and (2) name the commissioner as the receiver of the health maintenance organization in accordance with Section 843.157 and Chapter 443 . (c) The operations and business of a health maintenance organization represent the business of insurance for purposes of Section 843.157 and Chapters 441 and 443 . (d) Exclusive venue of receivership and delinquency proceedings for a health maintenance organization is in Travis County.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.