Tex. Ins. Code § 2551.256 · Subchapter F. RESERVES
ACTUARIAL CERTIFICATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Each domestic or foreign title insurer shall file annually with the insurer's annual statement required under Section 2551.152 an actuarial certification made by a member in good standing of the American Academy of Actuaries.
(b) An actuarial certification must:
(1) conform to the annual statement instructions for a title insurer adopted by the National Association of Insurance Commissioners; and
(2) include the actuary's professional opinion of the insurer's reserves as of the date of the annual statement.
(c) The reserves analyzed under this section must include reserves for known claims, including adverse development on known claims, and reserves for incurred but not reported claims.
Notes and commentary — not statutory text
History
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2551.htm
- Text hash
- sha256 aa06c705c2444d308322ffb2d6cecf9c4eaf5c7d3cf2c19faa391f7723a382e9
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
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Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.