Texas Insurance Code 1272.154 – Reserve Requirements for Prescription Drugs
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Terms Used In Texas Insurance Code 1272.154
- Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
A delegated network that assumes financial risk for medical care or hospital or institutional services and for prescription drugs, as defined by Section 551. 003, Occupations Code, shall maintain, in addition to any other reserves required under this subchapter, reserves adequate to cover the liabilities and risks associated with the prescription drug benefits.