Texas Insurance Code

§ 406.005 — DURATION OF DEPOSIT

IN § 406.005Title 4. REGULATION OF SOLVENCY · Part A. GENERAL PROVISIONS · Ch. 406. SPECIAL DEPOSITS REQUIRED UNDER POTENTIALLY

Statute text

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Subject to Section 406.006, the comptroller shall hold a deposit required under this chapter until the commissioner issues a written order finding that the condition for which the deposit was required no longer exists.

Legislative history

Added by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1C.001, eff. April 1, 2009.