Tex.
Ins. Code Section 843.407
Receivership and Delinquency Proceedings
(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 (Minimum Net Worth), 843.4031, and 843.404 (Additional Net Worth Requirements), the commissioner may bring an action in a Travis County district court to be named receiver in accordance with Section 843.157 (Rehabilitation, Liquidation, Supervision, or Conservation of Health Maintenance Organization) and Chapter 443 (Insurer Receivership Act).(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 (Rehabilitation, Liquidation, Supervision, or Conservation of Health Maintenance Organization) and Chapter 443 (Insurer Receivership Act).(c)
The operations and business of a health maintenance organization represent the business of insurance for purposes of Section 843.157 (Rehabilitation, Liquidation, Supervision, or Conservation of Health Maintenance Organization) and Chapters 441 (Supervision and Conservatorship) and 443 (Insurer Receivership Act).(d)
Exclusive venue of receivership and delinquency proceedings for a health maintenance organization is in Travis County.
Source:
Section 843.407 — Receivership and Delinquency Proceedings, https://statutes.capitol.texas.gov/Docs/IN/htm/IN.843.htm#843.407
(accessed May 4, 2024).