Texas Insurance Code

§ 841.205 — COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS

IN § 841.205Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES · Art. E. CAPITAL AND SURPLUS

Statute text

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(a)The commissioner by rule or guideline may require a domestic insurance company that writes or assumes a life insurance or annuity contract or assumes liability on or indemnifies one person for any risk under an accident and health insurance policy, or a combination of these policies, in an amount that exceeds $10,000, to maintain capital and surplus in amounts that exceed the minimum amounts required by this chapter because of:

(1)the nature and kind of risks the company underwrites or reinsures;

(2)the premium volume of risks the company underwrites or reinsures;

(3)the composition, quality, duration, or liquidity of the company's investment portfolio;

(4)fluctuations in the market value of securities the company holds; or

(5)the adequacy of the company's reserves.

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Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.