Tex. Ins. Code § 982.106 · Subchapter C. REQUIREMENTS FOR CERTIFICATE OF AUTHORITY
CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR OTHER INSURANCE COMPANIES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to a foreign or alien insurance company other than a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company.
(b) A foreign or alien insurance company is subject to Sections 822.203, 822.205, 822.210, and 822.212. The department may not authorize a foreign or alien insurance company to engage in the business of insurance in this state unless the company has and maintains the minimum capital and surplus amounts as required by this code for companies organized under this code and engaging in the same kinds of business.
(c) The department may not deny authorization for a foreign or alien insurance company to engage in the business of insurance in this state because all of the company's capital stock has not been fully subscribed and paid for, if:
(1) at least the minimum dollar amount of capital stock of the company required by the laws of this state, which may be less than all of the company's authorized capital stock, has been subscribed and paid for; and
(2) the company:
(A) has at least the minimum dollar amount of surplus required by the laws of this state for the kinds of business the company seeks to write; and
(B) has fully complied with the laws of the company's domiciliary state or country relating to authorization and issuance of capital stock.
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 5405fe3a1d5ebc3fc28daa3a56525efe09c4b72e4e8efcc41a05500523dec8e6
- 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 § 822.203CAPITAL REQUIRED GENERALLY.Printed as Sections 822.203, 822.205, 822.210, and 822.212
- Tex. Ins. Code § 822.205UNENCUMBERED SURPLUS OR GUARANTY FUND REQUIREMENTS FOR CERTAIN INSURANCE COMPANIES.Printed as Sections 822.203, 822.205, 822.210, and 822.212
- Tex. Ins. Code § 822.210COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.Printed as Sections 822.203, 822.205, 822.210, and 822.212
- Tex. Ins. Code § 822.212INCREASE OF CAPITAL AND SURPLUS.Printed as Sections 822.203, 822.205, 822.210, and 822.212
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 982.106. Each shows the citation as that text prints it.
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