{"data":{"id":"us-tx/tex.-insurance-code-843.407","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 843.407","heading":"RECEIVERSHIP AND DELINQUENCY PROCEEDINGS.","body":"(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.\n(b) The court may:\n(1) find that a receiver should take charge of the assets of the health maintenance organization; and\n(2) name the commissioner as the receiver of the health maintenance organization in accordance with Section 843.157 and Chapter 443.\n(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.\n(d) Exclusive venue of receivership and delinquency proceedings for a health maintenance organization is in Travis County.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.051, eff. April 1, 2009.","path":["INSURANCE CODE","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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.843.htm#843.407","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"607bd4fae98de3b4a20a88cabf3506549785942ef1ff1ddd8176e56acc945e4d","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-843.406","next":"us-tx/tex.-insurance-code-843.408"},"notice":"GroundRules: Original legal text. Not legal advice."}