Tex. Insurance Code § 911.306
SOLVENCY REQUIREMENTS
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 911.306, SOLVENCY REQUIREMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680394
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Full text
(a) A farm mutual insurance company is solvent if:
(1) the company's assets, including the policyholders' contingent liability for the company's losses, are reasonably sufficient to pay the company's losses according to the terms of the policies; and
(2) the company's required unencumbered surplus, if any, has not been impaired in excess of 16-2/3 percent of the required unencumbered surplus.
(b) A company that is solvent as provided by this section may continue to engage in the business of insurance.