Tex. Insurance Code § 842.052
This is the official text of Tex. Insurance Code § 842.052, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 842.052. MINIMUM MEMBERSHIP REQUIREMENTS.
Official statutory text
(a) Before a group hospital service corporation may be incorporated, the corporation must have collected in advance from at least 500 applicants for membership:
(1) the application fee; and
(2) an amount at least equal to the amount charged by the corporation for one month's premium for coverage.
(b) A group hospital service corporation must maintain a membership of at least 500 as a condition of continued operation.
(1) the application fee; and
(2) an amount at least equal to the amount charged by the corporation for one month's premium for coverage.
(b) A group hospital service corporation must maintain a membership of at least 500 as a condition of continued operation.
Status: in_force · Read it on the official government site
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