Tex. Insurance Code § 912.308
AMOUNT AND INVESTMENT OF SURPLUS
Texas · Texas Insurance Code · Status: effective
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- Tex. Insurance Code § 912.308, AMOUNT AND INVESTMENT OF SURPLUS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680442
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Full text
(a) A county mutual insurance company shall maintain an unencumbered surplus which may be invested only in items listed in Section 822.204. The unencumbered surplus must be at least:
(1) $25,000, if the company is organized to write insurance coverage locally in only the county of its domicile;
(2) $50,000, if the company is organized to write insurance coverage in only the county of its domicile and any adjacent county; or
(3) an amount equal to the aggregate of the minimum capital and minimum surplus required under Sections 822.054, 822.202, 822.210, and 822.211, for a fire insurance company if the county mutual insurance company is organized to write insurance coverage statewide.
(b) Except as provided by Section 912.056, a county mutual insurance company is subject to Subchapter B, Chapter 404, and Sections 822.203, 822.210, and 822.212.