Tex. Ins. Code § 861.253 · Subchapter F. REGULATION OF GENERAL CASUALTY COMPANY
INTEREST ON SECURITY DEPOSITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A general casualty company with securities on deposit under this chapter is entitled to collect the interest on the deposits as the interest becomes due. The comptroller shall deliver to the company the coupons or other evidence of interest pertaining to the deposits.
(b) The comptroller shall collect a general casualty company's interest described by Subsection (a) as the interest becomes due and hold that interest as additional security if:
(1) the company fails to deposit additional security as required by the commissioner; or
(2) proceedings are pending to wind up or enjoin the company.
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.861.htm
- Text hash
- sha256 3649a0c46d4ab9bfbc66c92b85ed642f57bb38dc4d2844320eae6235328d9f7e
- 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
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.