Tex. Ins. Code § 912.308 · Subchapter G. REGULATION OF COUNTY MUTUAL INSURANCE COMPANY; FINANCIAL REQUIREMENTS
AMOUNT AND INVESTMENT OF SURPLUS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A county mutual insurance company shall maintain an unencumbered surplus which may be invested only in items listed in Section 822.204. The unencumbered surplus must be at least:
(1) $25,000, if the company is organized to write insurance coverage locally in only the county of its domicile;
(2) $50,000, if the company is organized to write insurance coverage in only the county of its domicile and any adjacent county; or
(3) an amount equal to the aggregate of the minimum capital and minimum surplus required under Sections 822.054, 822.202, 822.210, and 822.211, for a fire insurance company if the county mutual insurance company is organized to write insurance coverage statewide.
(b) Except as provided by Section 912.056, a county mutual insurance company is subject to Subchapter B, Chapter 404, and Sections 822.203, 822.210, and 822.212.
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.112, eff. April 1, 2009.
Acts 2009, 81st Leg., R.S., Ch. 677 (H.B. 2449), Sec. 2, eff. September 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.912.htm
- Text hash
- sha256 dcc1b796997c87a6660c1dee241057773ce31d41d6812bb7054e3a96d9ee8939
- 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, 822.202, 822.210, and 822.211
- Tex. Ins. Code § 822.202FULL COVERAGE AUTOMOBILE INSURANCE; DETERMINATION OF AMOUNTS.Printed as Sections 822.054, 822.202, 822.210, and 822.211
- Tex. Ins. Code § 822.203CAPITAL REQUIRED GENERALLY.Printed as Sections 822.203, 822.210, and 822.212
- Tex. Ins. Code § 822.204FORM OF CAPITAL AND SURPLUS.Printed as Section 822.204
- Tex. Ins. Code § 822.210COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.Printed as Sections 822.054, 822.202, 822.210, and 822.211 | Sections 822.203, 822.210, and 822.212
- Tex. Ins. Code § 822.211ACTION OF COMMISSIONER WHEN CAPITAL OR SURPLUS REQUIREMENTS NOT SATISFIED.Printed as Sections 822.054, 822.202, 822.210, and 822.211
- Tex. Ins. Code § 822.212INCREASE OF CAPITAL AND SURPLUS.Printed as Sections 822.203, 822.210, and 822.212
- Tex. Ins. Code § 912.056CREATION OF LOCAL CHAPTERS AND DISTRICTS.Printed as Section 912.056
Cited by 4 provisions
Provisions in this library whose text cites Tex. Ins. Code § 912.308. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 822.205UNENCUMBERED SURPLUS OR GUARANTY FUND REQUIREMENTS FOR CERTAIN INSURANCE COMPANIES.Printed as Section 912.308
- Tex. Ins. Code § 912.155REPAIR OR REPLACEMENT OF INSURED PROPERTY.Printed as Section 912.308(a)(3)
- Tex. Ins. Code § 912.202PAYMENT OF PREMIUM OR ASSESSMENT.Printed as Section 912.308(a)(3)
- Tex. Ins. Code § 912.309POLICYHOLDER LOANS TO COMPANY.Printed as Section 912.308
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.