By applying for and receiving a certificate of authority to engage in business in this state, a health maintenance organization agrees and admits that it is not subject to and is not eligible to proceed under the United States Bankruptcy Code.
Tex. Ins. Code § 843.056
INAPPLICABILITY OF BANKRUPTCY LAW
Known as the Texas Health Maintenance Organization Act
The act spans §§ 843–843 (146 sections).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.