Sec. 481.004. ACCESS TO DEPOSIT. In accordance with reasonable rules adopted by the comptroller and the commissioner, the proper officer of an insurer making a deposit as described by this chapter may at a reasonable time:
(1) examine the deposit;
(2) detach coupons from the securities; and
(3) collect interest on the deposit.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Structure Texas Statutes
Title 4 - Regulation of Solvency
Subtitle E - Requirements of Other Jurisdictions
Chapter 481 - Voluntary Deposits
Section 481.001. Deposit With Comptroller
Section 481.002. Applicability of Chapter to Certain Deposits
Section 481.003. Duties of Comptroller
Section 481.004. Access to Deposit
Section 481.005. Situs of Deposit for Tax Purposes
Section 481.006. Withdrawal of Deposit
Section 481.007. Withdrawal of Deposit After Merger, Consolidation, or Total Reinsurance