Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES |
Chapter 843. HEALTH MAINTENANCE ORGANIZATIONS |
Subchapter L. FINANCIAL REGULATION OF HEALTH MAINTENANCE ORGANIZATIONS |
Sec. 843.401. FIDUCIARY RESPONSIBILITY
Latest version.
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A director, officer, member, employee, or partner of a health maintenance organization who receives, collects, disburses, or invests funds in connection with the activities of the health maintenance organization is responsible for the funds in a fiduciary relationship to the enrollees.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.