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Texas Insurance Code - Section 404.052. Determination Of Impairment

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§ 404.052. DETERMINATION OF IMPAIRMENT. (a) When determining under this subchapter whether the surplus or the minimum required aggregate surplus of an insurer is impaired, the commissioner shall charge against the insurer: (1) the reinsurance reserve required by the laws of this state; and (2) all other debts and claims against the insurer. (b) This section does not apply to a life insurance company. Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.

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Last modified: August 11, 2007