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Texas Insurance Code - INS § 883.202. Required Deposit for Companies Writing Bonds

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

(a) A domestic mutual insurance company that writes fidelity and surety bond coverage shall maintain on deposit with the comptroller cash or securities of the kind described by a provision of Subchapter B, Chapter 424,  1 other than Section 424.052, 424.072, or 424.073, in an amount equal to the amount of cash or securities required of a domestic stock insurance company.

(b) The commissioner must approve for deposit the cash or securities required by this section.

1  V.T.C.A., Insurance Code § 424.051 et seq.
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Cite this article: FindLaw.com - Texas Insurance Code - INS § 883.202. Required Deposit for Companies Writing Bonds - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-883-202/

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