Tex. Ins. Code § 884.207 · Subchapter E. CAPITAL AND SURPLUS
NEW BUSINESS PROHIBITED WHEN CAPITAL REQUIREMENTS NOT SATISFIED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A stipulated premium company may not write new business in this state unless the company possesses the minimum capital required under this chapter.
(b) A stipulated premium company subject to Section 884.205(a) that does not correct the impairment on or before the date provided by that subsection may not write new business in this state after that date until the impairment is corrected.
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.884.htm
- Text hash
- sha256 8019fda730e6bb023d10c4148c209a44208ca23e02de192ee3538c456711b63f
- 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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