Sec. 982.203. LOCATION OF TRUSTEED ASSETS. (a) The trusteed assets of an alien insurance company shall be kept continuously in the United States.
(b) The trusteed assets of an alien insurance company that enters the United States through this state shall be kept continuously in this state.
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 I - Surplus Lines Insurers; Companies Not Organized in Texas
Chapter 982 - Foreign and Alien Insurance Companies
Subchapter D. Trusteed Assets of Alien Insurance Companies
Section 982.201. Deed of Trust: General Provisions
Section 982.202. Deed of Trust: Approval by Commissioner