Tex. Ins. Code § 830.002 · Chapter 830. OWN RISK AND SOLVENCY ASSESSMENT
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Guidance manual" means the version of the Own Risk and Solvency Assessment Guidance Manual developed and adopted by the National Association of Insurance Commissioners that is in effect at the time a summary report is provided. A change in the guidance manual becomes effective on the January 1 following the calendar year in which the changes are adopted by the National Association of Insurance Commissioners.
(2) "Insurance group" means the insurers and affiliates included within an insurance holding company system as described by Section 823.006.
(3) "Insurer" has the meaning assigned by Section 823.002(6).
(4) "Own risk and solvency assessment" means a confidential internal assessment, appropriate to the nature, scale, and complexity of an insurer or insurance group, conducted by that insurer or insurance group, of the material and relevant risks associated with the insurer or insurance group's current business plan and the sufficiency of capital resources to support those risks.
(5) "Summary report" means a confidential, high-level summary of an insurer's or insurance group's own risk and solvency assessment.
Notes and commentary — not statutory text
History
Added by Acts 2015, 84th Leg., R.S., Ch. 39 (S.B. 655), Sec. 1, eff. May 19, 2015.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.830.htm
- Text hash
- sha256 c0b605f93c1e16a2a4bf24319afee65224f22724dd7e07deaf415525cb6df65f
- 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
This section cites
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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.