Texas Insurance Code 842.255 – Advance Payments to Hospital Prohibited
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Terms Used In Texas Insurance Code 842.255
- 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 may not pay to a hospital any money collected by the corporation from a member or subscriber before the hospital provides necessary care to that member or subscriber.