Tex. Ins. Code § 982.105 · Subchapter C. REQUIREMENTS FOR CERTIFICATE OF AUTHORITY
CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company is subject to Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302. The department may not issue a certificate of authority to a foreign or alien stock insurance company, and the company may not engage in any business of life, health, or accident insurance in this state, unless the company possesses at least the minimum capital and surplus required for a similar domestic insurance company organized under Chapter 841 in similar circumstances. The minimum capital and surplus must be invested in the same character of investments as required for a domestic insurance company.
(b) The department may not issue a certificate of authority to a foreign or alien mutual insurance company, and the company may not engage in the business of life insurance in this state, unless the company possesses at least the minimum unencumbered surplus required by Chapter 882 for a similar domestic company in similar circumstances. The minimum unencumbered surplus must be invested in the same character of investments as required for a domestic insurance company.
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.982.htm
- Text hash
- sha256 310ef677e846a5a758252a68c699c55eb0790901972a87dba40a8ee793dddf08
- 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. 841LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIESPrinted as Chapter 841
- Tex. Ins. Code § 841.054CAPITAL STOCK AND SURPLUS REQUIREMENTS.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.201FORM OF REQUIRED CAPITAL AND SURPLUS.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.204EXEMPTION FROM REQUIRED INCREASE OF CAPITAL AND SURPLUS.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.205COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.207ACTIONS OF COMMISSIONER WHEN CAPITAL AND SURPLUS REQUIREMENTS NOT SATISFIED.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.301LIMITS ON AMOUNT OF ACCIDENT AND HEALTH INSURANCE POLICIES.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code § 841.302LIMITS ON LIFE OR ACCIDENTAL DEATH INSURANCE.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
- Tex. Ins. Code ch. 882MUTUAL LIFE INSURANCE COMPANIESPrinted as Chapter 882
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 982.105. 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.