Texas Insurance Code

§ 404.052 — DETERMINATION OF IMPAIRMENT

IN § 404.052Title 4. REGULATION OF SOLVENCY · Part A. GENERAL PROVISIONS · Ch. 404. FINANCIAL CONDITION · Art. B. IMPAIRMENT OF STOCK OR SURPLUS

Statute text

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(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.

Legislative history

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