Sec. 1272.155. FORM OF RESERVES. The reserves required under this subchapter must be:
(1) secured by and consist only of United States legal tender or bonds of the United States or this state;
(2) held at a financial institution in this state that is chartered by the United States or this state; and
(3) held in trust for, for the benefit of, or to provide health care services to enrollees under the delegation agreement.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 3, eff. April 1, 2005.
Section: Previous 1272.101 1272.102 1272.103 1272.151 1272.152 1272.153 1272.154 1272.155 1272.156 1272.201 1272.202 1272.203 1272.204 1272.205 1272.206 NextLast modified: September 28, 2016