Texas Insurance Code - Section 425.004. Records Of Securities Deposited With Department; Report Of Value
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§ 425.004. RECORDS OF SECURITIES DEPOSITED WITH
DEPARTMENT; REPORT OF VALUE. Each life insurance company that is
required by Section 425.003 to have securities on deposit with the
department shall:
(1) keep records of:
(A) all of the company's outstanding registered
policies and annuity contracts in force; and
(B) the net value of those policies and
contracts; and
(2) not later than the 15th day after the last day of
each calendar month, file with the department a report stating
whether the value of the company's securities on deposit is equal to
or greater than the aggregate net value of the company's registered
policies and annuity contracts outstanding and in force at the end
of the preceding calendar month.
Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.
Section: 424.215 424.216 424.217 424.218 425.001 425.002 425.003 425.004 425.005 425.006 425.007 425.008 425.009 425.051 425.052
Last modified: August 11, 2007
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