Tex. Ins. Code § 1272.155

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 1272.155 - Form of Reserves

The reserves required under this subchapter must be:

(1) secured by and consist only of United States legal tender or bonds of the United States or this state;

(2) held at a financial institution in this state that is chartered by the United States or this state; and

(3) held in trust for, for the benefit of, or to provide health care services to enrollees under the delegation agreement.

Tex. Ins. Code § 1272.155

Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. 4/1/2005.