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Current as of January 01, 2024 | Updated by Findlaw Staff
The comptroller shall receive a deposit made by an insurer as described by this chapter and hold it exclusively for the protection of all policyholders or creditors of the insurer, wherever they are located, or for the protection of the insurer's policyholders or creditors in a particular state, country, or province, as designated by the insurer at the time the insurer makes the deposit.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 481.003. Duties of Comptroller - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-481-003/
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