Tex. Ins. Code § 425.004 · Subchapter A. GENERAL PROVISIONS
RECORDS OF SECURITIES DEPOSITED WITH DEPARTMENT; REPORT OF VALUE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
Each life insurance company that is required by Section 425.003 to have securities on deposit with the department shall:
(1) keep records of:
(A) all of the company's outstanding registered policies and annuity contracts in force; and
(B) the net value of those policies and contracts; and
(2) not later than the 15th day after the last day of each calendar month, file with the department a report stating whether the value of the company's securities on deposit is equal to or greater than the aggregate net value of the company's registered policies and annuity contracts outstanding and in force at the end of the preceding calendar month.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.425.htm
- Text hash
- sha256 b10852f14d5f4aa44a51c05da9132c1ee47e6548c5bef5762d30298b7a690790
- 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
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