Tex. Ins. Code § 884.256 · Subchapter F. GENERAL POWERS AND DUTIES OF STIPULATED PREMIUM COMPANY
ANNUAL STATEMENT; FILING FEE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Except as provided by Section 884.406, not later than March 31 of each year a stipulated premium company shall:
(1) prepare a statement showing the condition of the company on December 31 of the preceding year; and
(2) deliver the statement to the department accompanied by a filing fee in the amount determined under Chapter 202.
(b) The statement must be under the oath of two of the stipulated premium company's officers and must show in detail:
(1) the character of the company's assets and liabilities on December 31 of the preceding year;
(2) the amount and character of business transacted and money received during the year and how money was spent during the year;
(3) the number and amount of the company's policies in force on that date; and
(4) the total amount of the company's policies in force on that date.
(c) For purposes of Subsection (b), an insured under a family group policy to which Section 884.451(b) applies is accounted for only if a reserve is required for that insured under that section.
(d) The department shall prescribe the form of the statement.
(e) Fees collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account. Sections 201.001 and 201.002 apply to fees collected under this section.
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.081, 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.884.htm
- Text hash
- sha256 cdcb7fac71ce7cb672c596e7a3d8a080c23ce4f1381b0379d7d6f521b2f86a1d
- 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 § 201.001TEXAS DEPARTMENT OF INSURANCE OPERATING ACCOUNT.Printed as Sections 201.001 and 201.002
- Tex. Ins. Code § 201.002ACCOUNTING PROCEDURE.Printed as Sections 201.001 and 201.002
- Tex. Ins. Code § 884.406ANNUAL STATEMENT.Printed as Section 884.406
- Tex. Ins. Code § 884.451RESERVES ON INDIVIDUAL AND GROUP LIFE INSURANCE POLICIES.Printed as Section 884.451(b)
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 884.256. 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.