Sec. 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 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Section: Previous 404.001 404.002 404.003 404.004 404.005 404.006 404.051 404.052Last modified: September 28, 2016