Texas Insurance Code

§ 862.003 — ADMITTED ASSETS

IN § 862.003Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part D. CASUALTY COMPANIES · Ch. 862. FIRE AND MARINE INSURANCE COMPANIES · Art. A. REGULATION OF FIRE AND MARINE INSURANCE COMPANIES

Statute text

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The value of the property of the company shown on the report as determined under Section 862.001 and the rules adopted by the commissioner adopted under that section is considered to be an admitted asset of the company for all purposes.

Legislative history

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