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RULE §77.43 Financial Security--Minimum Net Worth

Published: 2015

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A provider that maintains, or has a parent company maintain, a net worth or stockholder's equity of at least $100 million to comply with the financial security requirements of Texas Occupations Code §1304.151, will not be allowed to obtain or renew a registration unless the provider gives the department audited financial statements as described under §1304.151(c) and (d) or information for accessing and viewing the proof of net worth online.

Source Note: The provisions of this §77.43 adopted to be effective November 16, 2009, 34 TexReg 7791