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Tex. Insurance Code § 228.102

QUALIFICATION

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 228.102, QUALIFICATION, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677150
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To qualify as a certified capital company: (1) the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents; (2) at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and (3) the applicant must satisfy any additional requirement imposed by the comptroller by rule.