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Rule §11.1803 Statutory Deposits

Published: 2015

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(a) In addition to amounts already deposited in accordance with other statutory and regulatory provisions, and subject to the reduction specified in §11.1804 of this title (relating to Guarantees), an MCO must deposit with the Office of the Comptroller of Public Accounts of Texas:   (1) $400,000 if a basic service MCO;   (2) $275,000 if a limited service MCO; or   (3) $200,000 if a single service MCO. (b) This deposit may be used to protect the interests of the enrollees of the MCO, including but not limited to the payment of the costs delineated in §11.1805(a)(2)(C) of this title (relating to Performance and Fidelity Bonds). Any deposit is subject to the procedures set forth in §11.802 of this title (relating to Statutory Deposit Requirements).

Source Note: The provisions of this §11.1803 adopted to be effective December 3, 1996, 21 TexReg 11377; amended to be effective November 2, 1998, 23 TexReg 11347; amended to be effective February 24, 2005, 30 TexReg 854