Tex. Insurance Code § 984.101
DEPOSIT WITH COMPTROLLER REQUIRED
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 984.101, DEPOSIT WITH COMPTROLLER REQUIRED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680752
- Permanent ID
ys:prov:680752@1- SHA-256
9865d1b7d1aeeb1428df64b9c244b653b741f18258b84702906cfc8f0f090ecf
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) A Mexican casualty insurance company shall deposit with the comptroller at least $25,000 in:
(1) United States currency; or
(2) securities that are:
(A) eligible for other casualty insurance companies authorized to engage in the business of insurance in this state; and
(B) approved by the department.
(b) The deposit shall be used to pay any lawful claim or final judgment against the company, including any claim or judgment for tax due to this state and any policy claim or other debt or obligation incurred in the course of the company's operations as provided by this chapter.
(c) The company shall periodically deposit additional currency or securities described by Subsection (a) as necessary to maintain a minimum total deposit of $25,000.