Texas Insurance Code

§ 404.004 — CONSTRUCTION WITH LAW RELATING TO CAPITAL AND SURPLUS

IN § 404.004Title 4. REGULATION OF SOLVENCY · Part A. GENERAL PROVISIONS · Ch. 404. FINANCIAL CONDITION · Art. A. HAZARDOUS FINANCIAL CONDITION

Statute text

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The commissioner's authority under Section 404.003 to require an increase in an insurer's capital and surplus by contribution, and any capital and surplus requirements imposed by the commissioner under that section, prevail over:

(1)the capital and surplus requirements of:

(A)Sections 822.054, 822.201-822.203, 822.205, 822.210-822.212, 841.054, 841.201, 841.204, 841.205, 841.207, 884.206, 884.308, and 884.309; and

(B)Subchapter G, Chapter 841;

(2)any other provision of this code or other law establishing capital and surplus requirements for insurers; and

(3)any rule adopted under a law described by Subdivision (1) or (2).

Legislative history

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