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Texas Insurance Code - Section 425.001. Securities In Amount Of Reserves Required

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§ 425.001. SECURITIES IN AMOUNT OF RESERVES 
REQUIRED.  The commissioner, after determining the amount of the 
reserves required on all of a life insurance company's policies in 
force, shall ensure that the company has at least that amount in 
securities of the class and character required by the law of this 
state, after all debts and claims against the company and the 
minimum capital required by Chapter 841 or 982, as applicable, have 
been provided for.

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 11, 2007