Tex. Ins. Code § 841.054 · Subchapter B. FORMATION AND STRUCTURE OF DOMESTIC COMPANIES
CAPITAL STOCK AND SURPLUS REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A domestic insurance company must have capital stock in an amount of at least $700,000 and surplus in an amount of at least $700,000.
(b) All of the capital stock required by Subsection (a) must be fully subscribed and paid up and delivered to the incorporators before the articles of incorporation are filed.
(c) At the time of incorporation, the required capital and surplus shall consist only of:
(1) United States currency;
(2) bonds of the United States, this state, or a county or municipality of this state; or
(3) government insured mortgage loans that are authorized by this chapter or Chapter 425, with not more than 50 percent of the required capital invested in first mortgage real property loans.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.019, eff. April 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.841.htm
- Text hash
- sha256 2a36855d498465bbc4fd7363c9c04114b338688825a599f65915663624e81a6f
- 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
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 12 provisions
Provisions in this library whose text cites Tex. Ins. Code § 841.054. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 841.058APPLICATION FOR CHARTER.Printed as Section 841.054
- Tex. Ins. Code § 841.061ACTION ON APPLICATION.Printed as Section 841.054
- Tex. Ins. Code § 841.201FORM OF REQUIRED CAPITAL AND SURPLUS.Printed as Section 841.054(c)
- Tex. Ins. Code § 841.202AUTHORIZED SHARES.Printed as Section 841.054
- Tex. Ins. Code § 841.204EXEMPTION FROM REQUIRED INCREASE OF CAPITAL AND SURPLUS.Printed as Section 841.054
- Tex. Ins. Code § 841.301LIMITS ON AMOUNT OF ACCIDENT AND HEALTH INSURANCE POLICIES.Printed as Section 841.054
- Tex. Ins. Code § 882.201APPLICABILITY OF SUBCHAPTER.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 882.451APPLICABILITY OF CERTAIN PROVISIONS.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 882.701APPLICABILITY OF SUBCHAPTER.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 884.402ADDITIONAL COVERAGE.Printed as Sections 841.052, 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 885.453RESOLUTION TO CONVERT; ADDITIONAL REQUIREMENTS.Printed as Sections 841.054, 841.055, 841.056, 841.057, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 982.105CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
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.