Texas Insurance Code

§ 401.059 — DETERMINATION OF VALUE

IN § 401.059Title 4. REGULATION OF SOLVENCY · Part A. GENERAL PROVISIONS · Ch. 401. AUDITS AND EXAMINATIONS · Art. B. EXAMINATION OF CARRIERS

Statute text

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In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including:

(1)an appraisal by a real estate board or other qualified person;

(2)an affidavit by another person familiar with those values;

(3)a tax valuation;

(4)the cost of acquisition after deducting for depreciation and obsolescence;

(5)the cost of replacement;

…

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.