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Tex. Insurance Code § 861.256

FAILURE TO MAKE DEPOSIT OR DELIVER ANNUAL STATEMENT

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 861.256, FAILURE TO MAKE DEPOSIT OR DELIVER ANNUAL STATEMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679759
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(a) If a general casualty company fails to make a deposit under Section 861. 252 or to deliver an annual statement under Section 861.254 in a timely manner, the department shall notify the company that the company may not issue new insurance until the deposit is made or the statement is delivered to the department. (b) A general casualty company may not issue an insurance policy in violation of this section.