Texas Regulations 10.24
From Wcc
§ 10.24 Network Financial Requirements.
| (a) On at least a calendar year basis, each network shall prepare financial statements in accordance with generally accepted accounting principles which must include:
(1) a balance sheet; (2) an income statement; (3) a cash flow statement; (4) a statement of equity; and (5) a supplemental description of the network�s basic organizational structure, general business relationships, and management. (b) On or before April 1st of each year, each network shall provide the network�s financial statement required by subsection (a) of this section to: (1) each carrier with which the network contracts to facilitate carrier and network compliance under Insurance Code §§1305.154(c) and 1305.155 and § 10.41 of this chapter (relating to Network-Carrier Contracts); and (2) the department by sending the financial statement to the HMO Division, Mail Code 103-6A, Texas Department of Insurance, P.O. Box 149104, Austin, TX 78714-9104.
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