Texas Insurance Code
§ 481.003 — DUTIES OF COMPTROLLER
IN § 481.003Title 4. REGULATION OF SOLVENCY · Part E. REQUIREMENTS OF OTHER JURISDICTIONS · Ch. 481. VOLUNTARY DEPOSITS
Statute text
View on sourceThe comptroller shall receive a deposit made by an insurer as described by this chapter and hold it exclusively for the protection of all policyholders or creditors of the insurer, wherever they are located, or for the protection of the insurer's policyholders or creditors in a particular state, country, or province, as designated by the insurer at the time the insurer makes the deposit.
Legislative history
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.