Tex. Ins. Code § 406.003 · Chapter 406. SPECIAL DEPOSITS REQUIRED UNDER POTENTIALLY HAZARDOUS CONDITIONS
REQUIRED DEPOSIT: STANDARDS AND CRITERIA.
Text — Current through the 89th 2nd Called Legislative Session, 2025
The commissioner, in the commissioner's sole discretion, may require an insurer to make a deposit under this chapter if the commissioner determines that one of the following conditions, if not rectified, may potentially be hazardous to the insurer's policyholders, enrollees, or creditors, or to the public:
(1) the insurer's financial or operating condition, reviewed in conjunction with the kinds and nature of risks insured;
(2) the insurer's method of operation;
(3) the insurer's relationship with affiliates;
(4) the nature and amount of the insurer's investments;
(5) the insurer's contracts that may lead to a contingent liability; or
(6) the insurer's agreements with respect to guaranty and surety.
Notes and commentary — not statutory text
History
Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1C.001, eff. April 1, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.406.htm
- Text hash
- sha256 41627f293b285ecf3a860eb31d2d721ef7c4693f4a99d4f222a56500c4c0cfc5
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 406.003. Each shows the citation as that text prints it.
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.