Tex. Ins. Code § 830.004 · Chapter 830. OWN RISK AND SOLVENCY ASSESSMENT
OWN RISK AND SOLVENCY ASSESSMENT REQUIREMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Subject to Section 830.006, an insurer, or the insurance group of which the insurer is a member, shall regularly conduct, consistent with a process comparable to the guidance manual, an own risk and solvency assessment, appropriate to the nature, scale, and complexity of the insurer or insurance group, of the material and relevant risks associated with the insurer's or insurance group's current business plan and the sufficiency of capital resources to support those risks.
(b) The insurer, or the insurance group of which the insurer is a member, shall conduct the own risk and solvency assessment described by Subsection (a):
(1) annually; and
(2) at any other time there are significant changes to the risk profile of the insurer or the insurance group of which the insurer is a member.
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 b2a6be1a9e811e0da00dfdaeb82f7e2113e2aefeacadfe49a8d25dbef1ab9cd3
- 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
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