Tex. Ins. Code § 426.003 · Chapter 426. RESERVES FOR WORKERS' COMPENSATION INSURANCE COMPANIES
MAINTENANCE OF RESERVES; NOTICE OF NONCOMPLIANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) If a workers' compensation insurance company's reserves are determined under this chapter to be:
(1) inadequate, the commissioner shall notify the company and require the company to establish and maintain reasonable additional reserves; or
(2) unreasonably large, the commissioner shall notify the company and require the company to reduce the amount of reserves to a reasonable amount.
(b) Not later than the 60th day after the date of notification of noncompliance under Subsection (a), the company shall:
(1) restore compliance as required by Subsection (a); and
(2) file a statement of restored compliance, accompanied by any documentation required by the commissioner.
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.426.htm
- Text hash
- sha256 e8b17848f87d3218020dc79413a450191fba5391c70d0e8cad540cda861efad5
- 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
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.