Texas Insurance Code 842.002 – Applicability of Other Laws
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(a) Except as otherwise required by this chapter, a state agency may not require a group hospital service corporation to post a bond or place a deposit with the agency or another agency of this state to begin or maintain operations authorized under this chapter.
(b) The group hospital service corporation is exempt from a provision of this code that is not expressly made applicable to the corporation.
Terms Used In Texas Insurance Code 842.002
- Corporation: A legal entity owned by the holders of shares of stock that have been issued, and that can own, receive, and transfer property, and carry on business in its own name.