Tex. Ins. Code § 882.301 · Subchapter G. UNENCUMBERED SURPLUS REQUIREMENTS
AMOUNT OF UNENCUMBERED SURPLUS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A mutual life insurance company that engages in the business of insurance in this state shall maintain an unencumbered surplus of at least $100,000 that consists of cash or classes of investment as provided by Section 882.055.
(b) Except as otherwise authorized by this code, a company that does not maintain an unencumbered surplus as required by this section may not write new insurance.
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.882.htm
- Text hash
- sha256 96311bab3f6e22fc9222feb584a88ffb79e6d47025b0bbd4f723d6e39b9b749c
- 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 5 provisions
Provisions in this library whose text cites Tex. Ins. Code § 882.301. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 882.302EXEMPTION FOR CERTAIN COMPANIES.Printed as Section 882.301
- Tex. Ins. Code § 882.305IMPAIRMENT OF UNENCUMBERED SURPLUS.Printed as Section 882.301
- Tex. Ins. Code § 882.306IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.Printed as Section 882.301
- Tex. Ins. Code § 882.355LIMITATIONS ON DIVISIBLE SURPLUS.Printed as Section 882.301
- Tex. Ins. Code § 885.453RESOLUTION TO CONVERT; ADDITIONAL REQUIREMENTS.Printed as Sections 882.055, 882.301(a), 882.302, 882.304, and 882.404
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.