Tex. Ins. Code § 404.052

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 404.052 - Determination of Impairment

(a) When determining under this subchapter whether the surplus or the minimum required aggregate surplus of an insurer is impaired, the commissioner shall charge against the insurer:

(1) the reinsurance reserve required by the laws of this state; and

(2) all other debts and claims against the insurer.

(b) This section does not apply to a life insurance company.

Tex. Ins. Code § 404.052

Added by Acts 2005, 79th Leg., Ch. 727, Sec. 1, eff. 4/1/2007.