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Texas Insurance Code - INS § 404.051. Impairment Prohibited

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

(a) The impairment of the capital stock of a stock insurance company is prohibited.

(b) Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:

(1) the surplus of a stock insurance company;  or

(2) the minimum required aggregate surplus of a:

(A) mutual company;

(B) Lloyd's plan;  or

(C) reciprocal or interinsurance exchange.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 404.051. Impairment Prohibited - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-404-051/

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