Texas Occupations Code 102.005 – Applicability to Certain Entities
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Terms Used In Texas Occupations Code 102.005
- 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.
Section 102.001 does not apply to:
(1) a licensed insurer;
(2) a governmental entity, including:
(A) an intergovernmental risk pool established under Chapter 172, Local Government Code; and
(B) a system as defined by Section 1601.003, Insurance Code;
(3) a group hospital service corporation;
(4) a health maintenance organization that reimburses, provides, offers to provide, or administers hospital, medical, dental, or other health-related benefits under a health benefits plan for which it is the payor; or
(5) a health care collaborative certified under Chapter 848, Insurance Code.