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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Not later than March 1 of each year, a domestic insurance company shall:
(1) prepare a statement showing the condition of the company on December 31 of the preceding year; and
(2) deliver the statement to the department accompanied by a filing fee in the amount determined under Chapter 202.
(b) The statement must be under oath of two of the domestic insurance company's officers and show in detail:
(1) the character of the company's assets and liabilities on December 31 of the preceding year;
(2) the amount and character of business transacted and money received during the preceding year;
(3) how money was spent during the preceding year;
(4) the number and amount of the company's policies in force in this state on that date; and
(5) the total amount of the company's policies in force on that date.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 841.255. Annual Statement; Filing Fee - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-841-255/
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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