Texas Insurance Code 848.003 – Use of Insurance-Related Terms by Health Care Collaborative
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Terms Used In Texas Insurance Code 848.003
- 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 health care collaborative that is not an insurer or health maintenance organization may not use in its name, contracts, or literature:
(1) the following words or initials:
(A) “insurance”;
(B) “casualty”;
(C) “surety”;
(D) “mutual”;
(E) “health maintenance organization”; or
(F) “HMO”; or
(2) any other words or initials that are:
(A) descriptive of the insurance, casualty, surety, or health maintenance organization business; or
(B) deceptively similar to the name or description of an insurer, surety corporation, or health maintenance organization engaging in business in this state.