Texas Insurance Code Title 6, Chapter 982 - Foreign And Alien Insurance Companies
SUBCHAPTER A GENERAL PROVISIONS
- Texas Section 982.001 - Definitions
In this chapter: (1) "Accident insurance company," "health insurance company," "life insurance company," and "United States branch" have the meanings assigned by Section 841.001. (2)...
- Texas Section 982.002 - Applicability Of Chapter
This chapter applies to any insurance company that is organized under the laws of another state or country and that wants to engage in or...
- Texas Section 982.003 - Life Insurance Companies Wanting To Loan Money
A life insurance company that wants to loan money in this state but does not want to engage in the business of life insurance in...
SUBCHAPTER B AUTHORITY TO ENGAGE IN BUSINESS
- Texas Section 982.004 - Financial Statements Of Foreign Or Alien Insurance Companies
(a) Each foreign insurance company shall file with the department a statement in the form required by Section 982.101 or 982.102 not later than March...
- Texas Section 982.051 - Certificate Of Authority Required For Life, Health, Or Accident Companies
A foreign insurance company may not engage in the business of insurance as a life insurance company, accident insurance company, life and accident insurance company,...
SUBCHAPTER C REQUIREMENTS FOR CERTIFICATE OF AUTHORITY
- Texas Section 982.052 - Certificate Of Authority Required For Other Companies
Except as provided by Chapter 101 or 981, a foreign or alien insurance company, other than a life insurance company, accident insurance company, life and...
- Texas Section 982.101 - Filing Of Financial Statement By Life, Health, Or Accident Insurance Company
A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident...
- Texas Section 982.102 - Filing Of Financial Statement By Other Insurance Company; Examination
(a) This section applies only to a foreign or alien insurance company, other than a life insurance company, accident insurance company, life and accident insurance...
- Texas Section 982.103 - Filing Of Financial Statement By Alien Insurance Company
An alien insurance company that wants to engage in the business of insurance in this state shall file a financial statement as provided by Section...
- Texas Section 982.104 - Filing Of Articles Of Incorporation
(a) A foreign or alien insurance company shall file with the statement required by Section 982.101 or 982.102: (1) a copy of the company's acts...
- Texas Section 982.105 - Capital Stock And Surplus Requirements For Life, Health, Or Accident Insurance Companies
(a) A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and...
- Texas Section 982.106 - Capital Stock And Surplus Requirements For Other Insurance Companies
(a) This section applies only to a foreign or alien insurance company other than a life insurance company, accident insurance company, life and accident insurance...
- Texas Section 982.107 - Applicability Of Other Law
Chapter 402 applies to a foreign or alien insurance company. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended...
- Texas Section 982.108 - Deposit Requirements For Alien Insurance Company
An alien insurance company may not engage in the business of insurance in this state without first depositing with the comptroller, for the benefit of...
- Texas Section 982.109 - Duration Of Deposit By Life, Health, Or Accident Insurance Companies
An alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company...
- Texas Section 982.110 - Duration Of Deposit For Other Insurance Companies
An alien insurance company, other than an alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or...
- Texas Section 982.111 - Exception To Deposit Requirement: Trusteed Assets
(a) On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108, an authorized alien...
- Texas Section 982.112 - Exception To Deposit Requirement: Deposit With Officer In Another State
(a) The deposit required under Section 982.108 is not required in this state if the deposit required by that section has been made in any...
- Texas Section 982.113 - Issuance Of Certificate Of Authority To Life, Health, Or Accident Insurance Company
(a) The commissioner shall file in the commissioner's office the documents delivered to the department under this subchapter and shall approve or deny an application...
SUBCHAPTER D TRUSTEED ASSETS OF ALIEN INSURANCE COMPANIES
- Texas Section 982.114 - Payment Of Tax By Foreign Or Alien Life Insurance Company
(a) A foreign or alien life insurance company that obtains a certificate of authority under this subchapter on or after April 2, 1909, accepts that...
- Texas Section 982.201 - Deed Of Trust: General Provisions
(a) A deed of trust relating to the trusteed assets of an authorized alien insurance company and all amendments to the deed of trust are...
- Texas Section 982.202 - Deed Of Trust: Approval By Commissioner
(a) The commissioner shall approve a deed of trust relating to the trusteed assets of an alien insurance company if the commissioner determines: (1) the...
- Texas Section 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...
SUBCHAPTER E TRUSTEED SURPLUS OF ALIEN INSURANCE COMPANIES
- Texas Section 982.204 - Withdrawal Of Trusteed Assets
(a) The deed of trust relating to the trusteed assets of an alien insurance company must provide that the trustee or trustees may not make...
- Texas Section 982.251 - Trusteed Surplus Of Alien Insurance Company
The total value of an alien insurance company's general state deposits and trusteed assets less the total net amount of all the company's liabilities and...
- Texas Section 982.252 - Form And Contents Of Financial Statement Of Alien Insurance Company
(a) A financial statement required to be filed by an alien insurance company under Section 982.004 must be on a form prescribed by the commissioner...
- Texas Section 982.253 - Impairment Of Trusteed Surplus
(a) If the commissioner determines from a statement filed under Section 982.252 or any report that an alien insurance company's trusteed surplus is less than...
- Texas Section 982.254 - Failure To Eliminate Impairment Of Trusteed Surplus
If an alien insurance company has not satisfied the commissioner at the end of the designated period under Section 982.253(a) that the impairment has been...
SUBCHAPTER F PROVISIONS APPLICABLE TO CERTAIN COMPANIES
- Texas Section 982.255 - Examination Of Alien Insurance Company
(a) The books, records, accounting, and verification relating to an authorized alien insurance company's trusteed assets are subject to examination by the department or the...
- Texas Section 982.301 - Applicability Of Subchapter
This subchapter applies only to a foreign or alien insurance company that is not a life insurance company, accident insurance company, life and accident insurance...
- Texas Section 982.302 - Reinsurance Not Prohibited
This chapter does not prohibit a foreign insurance company from: (1) reinsuring a domestic insurance company; or (2) locating in this state, if the company...
- Texas Section 982.303 - Texas Law Accepted
A foreign or alien insurance company that issues a contract or policy in this state is considered to have agreed to comply with this code...
- Texas Section 982.304 - Same Or Deceptively Similar Name
A foreign or alien insurance company may not be denied permission to engage in the business of insurance in this state because the name of...
- Texas Section 982.305 - Limitation On Actions In Other State Courts
An action involving a contract entered into in this state between a foreign or alien insurance company and a resident of this state may not...
Last modified: September 28, 2016