Sec. 862.003. ADMITTED ASSETS. The value of the property of the company shown on the report as determined under Section 862.001 and the rules adopted by the commissioner adopted under that section is considered to be an admitted asset of the company for all purposes.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle D - Casualty Companies
Chapter 862 - Fire and Marine Insurance Companies
Subchapter A. Regulation of Fire and Marine Insurance Companies
Section 862.001. Annual Statement
Section 862.002. Prohibitions Relating to Holding Real Property; Exceptions