Sec. 842.052.  MINIMUM MEMBERSHIP REQUIREMENTS.  (a)  Before a group hospital service corporation may be incorporated, the corporation must have collected in advance from at least 500 applicants for membership:
(1)  the application fee;  and
(2)  an amount at least equal to the amount charged by the corporation for one month's premium for coverage.
(b)  A group hospital service corporation must maintain a membership of at least 500 as a condition of continued operation.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.