Tex. Ins. Code § 802.002 · Subchapter A. ANNUAL STATEMENT OF INSURANCE COMPANIES
ACTUARIAL OPINION REQUIRED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) In this section, "qualified actuary" means:
(1) a member in good standing of the American Academy of Actuaries; or
(2) a person who has otherwise demonstrated actuarial competence to the satisfaction of the commissioner or an insurance regulatory official of another state in which the insurance company is domiciled.
(b) An insurance company's annual statement must include a statement of a qualified actuary entitled "Statement of Actuarial Opinion" that:
(1) is located on or is attached to the first page of the annual statement; and
(2) provides the opinion of the actuary relating to policy reserves and other actuarial items for life insurance, accident and health insurance, and annuities, or loss and loss adjustment expense reserves for property and casualty risks, as described in the annual statement instructions of the National Association of Insurance Commissioners as appropriate for the type of risks insured.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.802.htm
- Text hash
- sha256 f5e0c55928c6e8e513ad6a805e9ea48dbd199b6d2760f18a62008085f4bfa0a5
- 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 § 802.002. 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.