Texas Insurance Code

§ 481.004 — ACCESS TO DEPOSIT

IN § 481.004Title 4. REGULATION OF SOLVENCY · Part E. REQUIREMENTS OF OTHER JURISDICTIONS · Ch. 481. VOLUNTARY DEPOSITS

Statute text

In accordance with reasonable rules adopted by the comptroller and the commissioner, the proper officer of an insurer making a deposit as described by this chapter may at a reasonable time:

(1)examine the deposit;

(2)detach coupons from the securities; and

(3)collect interest on the deposit.

Legislative history

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