Tex. Insurance Code § 843.407
This is the official text of Tex. Insurance Code § 843.407, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 843.407. RECEIVERSHIP AND DELINQUENCY PROCEEDINGS.
Official statutory text
(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.
(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.
Status: in_force · Read it on the official government site
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