A 162.001(b) health organization meeting the following qualifications shall be certified by the board:
  (1) the health organization is formed solely by persons licensed by the board;
  (2) the health organization is a non-profit corporation registered in Texas as a domestic corporation under the provisions of Bus. Org. Code Chapter 22;
  (3) the board of directors of the health organization consists solely of persons licensed by the board and actively engaged in the practice of medicine without restrictions on their Texas medical licenses;
  (4) the health organization is not established or organized or operated in contravention to or with the intent to circumvent any of the provisions of the Act; and
  (5) the health organization makes application, submits reports, pays fees and otherwise complies with the provisions of this chapter.

Source Note: The provisions of this §177.3 adopted to be effective January 12, 1996, 21 TexReg 107; amended to be effective July 4, 2004, 29 TexReg 6089; amended to be effective March 16, 2008, 33 TexReg 2025