Sec. 843.401. FIDUCIARY RESPONSIBILITY. A director, officer, member, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the health maintenance organization is responsible for the funds in a fiduciary relationship to the enrollees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle C - Life, Health, and Accident Insurers and Related Entities
Chapter 843 - Health Maintenance Organizations
Subchapter L. Financial Regulation of Health Maintenance Organizations
Section 843.401. Fiduciary Responsibility
Section 843.402. Officers' and Employees' Bond
Section 843.403. Minimum Net Worth
Section 843.404. Additional Net Worth Requirements
Section 843.405. Deposit With Comptroller
Section 843.406. Hazardous Financial Condition
Section 843.407. Receivership and Delinquency Proceedings
Section 843.408. Insolvency and Allocation to Other Health Maintenance Organizations