{"data":{"id":"us-tx/tex.-insurance-code-1272.155","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 1272.155","heading":"FORM OF RESERVES.","body":"The reserves required under this subchapter must be:\n(1) secured by and consist only of United States legal tender or bonds of the United States or this state;\n(2) held at a financial institution in this state that is chartered by the United States or this state; and\n(3) held in trust for, for the benefit of, or to provide health care services to enrollees under the delegation agreement.\nAdded by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.","path":["INSURANCE CODE","TITLE 8. HEALTH INSURANCE AND OTHER HEALTH COVERAGES","SUBTITLE C. MANAGED CARE","CHAPTER 1272. DELEGATION OF CERTAIN FUNCTIONS BY HEALTH MAINTENANCE ORGANIZATION","SUBCHAPTER D. RESERVE REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.1272.htm#1272.155","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"46ac2efe468c96f3bc920f59870278a2f32d875edfa68109e732fc6ba097a80b","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-1272.154","next":"us-tx/tex.-insurance-code-1272.156"},"notice":"GroundRules: Original legal text. Not legal advice."}