Texas Insurance Code 842.254 – Deposit Requirements
Current as of: 2024 | Check for updates
|
Other versions
Terms Used In Texas Insurance Code 842.254
- 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.
A group hospital service corporation shall deposit in the account of the corporation in a bank money collected by the corporation from a member or subscriber. The bank must be a state depository.