Sec. 2551.258. REEVALUATION OF CERTAIN RESERVE REQUIREMENTS. (a) The commissioner may:
(1) reevaluate the adequacy of the statutory premium reserves required under Section 2551.253; and
(2) based on an actuarial review, change by order the amount of the statutory premium reserve required of any domestic title insurer or all domestic title insurers.
(b) Any change in the amount of a statutory premium reserve under Subsection (a)(2) is considered a statutory premium reserve and is not considered a supplemental reserve.
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 6, eff. April 1, 2005.
Amended by:
Acts 2005, 79th Leg., Ch. 56 (H.B. 885), Sec. 2, eff. September 1, 2005.
Structure Texas Statutes
Subtitle B - Organization of Title Insurance Companies
Section 2551.251. Statutory Premium Reserve Required
Section 2551.252. Amounts Added to Reserve for Calendar Year 1997; Reductions
Section 2551.253. Amounts Added to Reserve for Calendar Years After 1997; Reductions
Section 2551.254. Transitional Release; Transitional Charge
Section 2551.255. Runoff Balance
Section 2551.256. Actuarial Certification
Section 2551.257. Supplemental Reserve
Section 2551.258. Reevaluation of Certain Reserve Requirements
Section 2551.259. Statutory Premium Reserve and Supplemental Reserve Fund
Section 2551.260. Effect of Insolvency or Dissolution
Section 2551.261. Reserve for Unpaid Losses and Loss Expenses