Sec. 884.201. FORM OF CAPITAL AND SURPLUS. After a charter is granted under this chapter, the stipulated premium company:
(1) shall maintain the company's minimum capital at all times in a form described by Section 884.054(d); and
(2) may invest the company's surplus as provided by Sections 425.203-425.228.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.079, eff. April 1, 2009.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 884 - Stipulated Premium Insurance Companies
Subchapter E. Capital and Surplus
Section 884.201. Form of Capital and Surplus
Section 884.202. Increase or Decrease of Capital Stock
Section 884.203. Public Offering of Capital Stock
Section 884.204. Company's Repurchase of Stock
Section 884.205. Impairment of Capital Stock
Section 884.206. Commissioner May Require Larger Capital and Surplus Amounts
Section 884.207. New Business Prohibited When Capital Requirements Not Satisfied