Tex. Ins. Code § 481.001 · Chapter 481. VOLUNTARY DEPOSITS
DEPOSIT WITH COMPTROLLER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurer organized and engaged in business under this code that is required by another state, country, or province as a condition of engaging in an insurance business in that state, country, or province to make or maintain a deposit with an officer of any state, country, or province may, at the insurer's discretion, voluntarily deposit with the comptroller cash or securities in an amount that is sufficient to satisfy the conditions of the other state, country, or province.
(b) Any securities deposited must be approved by the commissioner as being of a type and character in which the insurer is authorized by law to invest.
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.481.htm
- Text hash
- sha256 607e8de9ea304ae9f1a32a97e0c6c5e69f6e5ca5a508b43976580a8e8e1fc734
- 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.