Tex. Insurance Code § 841.414
REPORTS ON RESERVES AND RISK-BASED CAPITAL
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 841.414, REPORTS ON RESERVES AND RISK-BASED CAPITAL, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679347
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Full text
(a) A limited purpose subsidiary life insurance company annually shall file an opinion of the appointed actuary acceptable to the commissioner concerning the methods and assumptions used to set reserves. The opinion must demonstrate that the limited purpose subsidiary life insurance company holds risk-based capital and invested admitted assets that are at least equal to reserves specified by generally accepted accounting principles.
(b) The commissioner may reject the opinion of the appointed actuary if the commissioner determines that accepting the opinion would be hazardous to policyholders, enrollees, creditors, or the public.
(c) A limited purpose subsidiary life insurance company annually shall file with the commissioner a report of the limited purpose subsidiary life insurance company's risk-based capital level as of the end of the preceding calendar year containing the information required by the risk-based capital instructions adopted by the commissioner.