Tex. Ins. Code § 822.054 · Subchapter B. FORMATION AND STRUCTURE OF COMPANY
CAPITAL STOCK AND SURPLUS REQUIREMENTS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An insurance company must have capital stock in an amount of at least $2.5 million and surplus in an amount of at least $2.5 million.
(b) At the time of incorporation, the required capital and surplus must be in cash.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1275 (H.B. 1476), Sec. 1, eff. September 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.822.htm
- Text hash
- sha256 2a8d0da4abfcf874ac5b6eaf8991dd09576bb37b61c0ded53c7de17629e514dc
- 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 13 provisions
Provisions in this library whose text cites Tex. Ins. Code § 822.054. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 404.004CONSTRUCTION WITH LAW RELATING TO CAPITAL AND SURPLUS.Printed as Sections 822.054, 822.201-822.203, 822.205, 822.210-822.212, 841.054, 841.201, 841.204, 841.205, 841.207, 884.206, 884.308, and 884.309
- Tex. Ins. Code § 404.053REMEDY FOR IMPAIRMENT.Printed as Section 822.054, 822.202, 822.203, 822.205, 822.210, 822.211, or 822.212
- Tex. Ins. Code § 424.001DEFINITIONS.Printed as Section 822.054 or 822.210
- Tex. Ins. Code § 822.058ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER.Printed as Section 822.054
- Tex. Ins. Code § 822.203CAPITAL REQUIRED GENERALLY.Printed as Section 822.054
- Tex. Ins. Code § 822.212INCREASE OF CAPITAL AND SURPLUS.Printed as Section 822.054
- Tex. Ins. Code § 861.102ISSUANCE OF CERTIFICATE OF AUTHORITY.Printed as Sections 822.051, 822.052, 822.053, 822.054, 822.057, 822.058, 822.059, 822.060, and 822.210
- Tex. Ins. Code § 862.152MAKING GOOD ON IMPAIRMENT.Printed as Sections 822.054 and 822.210
- Tex. Ins. Code § 862.153FAILURE OF SHAREHOLDER TO PAY.Printed as Section 822.054 or 822.210
- Tex. Ins. Code § 862.154CREATION AND DISPOSAL OF NEW STOCK.Printed as Section 822.054 or 822.210
- Tex. Ins. Code § 912.308AMOUNT AND INVESTMENT OF SURPLUS.Printed as Sections 822.054, 822.202, 822.210, and 822.211
- Tex. Ins. Code § 941.204AUTHORIZED INVESTMENTS.Printed as Sections 822.054, 822.202, 822.210, 822.211, and 941.201
- Tex. Ins. Code § 962.055CAPITAL AND SURPLUS REQUIREMENTS.Printed as Sections 822.054, 822.210, and 822.211
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.