Section 843.407 - Receivership and Delinquency Proceedings(a) In addition to all other remedies available by law, if the commissioner believes that a health maintenance organization or another person is insolvent or does not maintain the net worth required under Sections 843.403, 843.4031, and 843.404, the commissioner may bring an action in a Travis County district court to be named receiver in accordance with Section 843.157 and Chapter 443.(b) The court may: (1) find that a receiver should take charge of the assets of the health maintenance organization; and(2) name the commissioner as the receiver of the health maintenance organization in accordance with Section 843.157 and Chapter 443.(c) The operations and business of a health maintenance organization represent the business of insurance for purposes of Section 843.157 and Chapters 441 and 443.(d) Exclusive venue of receivership and delinquency proceedings for a health maintenance organization is in Travis County.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.051, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.