Tex. Ins. Code § 941.153
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
The profits of a Lloyd's plan may accrue to an underwriter only on the basis of the underwriter's actual investment in cash or convertible securities, without regard to any obligation or subscription of the underwriter to pay additional cash or securities in the future.
Tex. Ins. Code § 941.153