Sec. 912.307. RESERVE REQUIREMENTS. (a) A county mutual insurance company shall maintain unearned premium reserves as provided by Section 862.102.
(b) The company shall invest the unearned premium reserves and any other type of reserves authorized by the company's board of directors in the same type of securities in which the reserve funds of insurance companies engaged in the same kind of business are required to be invested by law.
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 F - Farm and County Mutual Insurance Companies
Chapter 912 - County Mutual Insurance Companies
Subchapter G. Regulation of County Mutual Insurance Company; Financial Requirements
Section 912.301. Report Regarding Condition of Company
Section 912.302. Annual Statement Fee
Section 912.303. Books and Records
Section 912.305. Security Deposit
Section 912.306. Required Bonds
Section 912.307. Reserve Requirements
Section 912.308. Amount and Investment of Surplus