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Texas Insurance Code - INS § 401.059. Determination of Value

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

In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including:

(1) an appraisal by a real estate board or other qualified person;

(2) an affidavit by another person familiar with those values;

(3) a tax valuation;

(4) the cost of acquisition after deducting for depreciation and obsolescence;

(5) the cost of replacement;

(6) sales of other comparable property;

(7) enhancement in value from any cause;

(8) income received or to be received; and

(9) any improvements made.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 401.059. Determination of Value - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-401-059/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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