Texas Insurance Code

§ 481.002 — APPLICABILITY OF CHAPTER TO CERTAIN DEPOSITS

IN § 481.002Title 4. REGULATION OF SOLVENCY · Part E. REQUIREMENTS OF OTHER JURISDICTIONS · Ch. 481. VOLUNTARY DEPOSITS

Statute text

A voluntary deposit held by the comptroller or the department that was made by an insurer in this state before May 8, 1959, to gain admission to another state may, at the insurer's option, be considered to be held under this chapter.

Legislative history

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