Tex. Ins. Code § 862.152 · Subchapter D. IMPAIRMENT OF SURPLUS
MAKING GOOD ON IMPAIRMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies to a fire, marine, or inland marine insurance company that receives notice from the commissioner under Subchapter B, Chapter 404, to make good within 60 days:
(1) any impairment of the company's required capital; or
(2) the company's surplus.
(b) The company shall promptly call on its shareholders for an amount necessary to make the company's capital and surplus equal to the amount required by Sections 822.054 and 822.210, subject to Subchapter B, Chapter 404.
(c) The shareholders of the company shall be informed of a call under Subsection (b):
(1) by personal notice; or
(2) by advertisement for the time and in the manner approved by the commissioner.
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.069, 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.862.htm
- Text hash
- sha256 ae11bdcb645631baac85aa8f124cf3eb81a64407e16f4819334952c119e68098
- 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.
Insurance Code
- Tex. Ins. Code ch. 404, subch. BIMPAIRMENT OF STOCK OR SURPLUSPrinted as Subchapter B, Chapter 404
- Tex. Ins. Code § 822.054CAPITAL STOCK AND SURPLUS REQUIREMENTS.Printed as Sections 822.054 and 822.210
- Tex. Ins. Code § 822.210COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.Printed as Sections 822.054 and 822.210
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 862.152. Each shows the citation as that text prints it.
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.