Texas Insurance Code
§ 884.206 — COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS
IN § 884.206Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 884. STIPULATED PREMIUM INSURANCE COMPANIES · Art. E. CAPITAL AND SURPLUS
Statute text
View on source(a)The commissioner by rule may require a stipulated premium company that writes or assumes life insurance, annuity contracts, or accident and health insurance for a risk to one person 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.