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Texas Insurance Code - INS § 2551.258. Reevaluation of Certain Reserve Requirements

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commissioner may:

(1) reevaluate the adequacy of the statutory premium reserves required under Section 2551.253;  and

(2) based on an actuarial review, change by order the amount of the statutory premium reserve required of any domestic title insurer or all domestic title insurers.

(b) Any change in the amount of a statutory premium reserve under Subsection (a)(2) is considered a statutory premium reserve and is not considered a supplemental reserve.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 2551.258. Reevaluation of Certain Reserve Requirements - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-2551-258/

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