Tex. Insurance Code § 228.102
This is the official text of Tex. Insurance Code § 228.102, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 228.102. QUALIFICATION.
Official statutory text
To qualify as a certified capital company:
(1) the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents;
(2) at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and
(3) the applicant must satisfy any additional requirement imposed by the comptroller by rule.
(1) the applicant must have, at the time of application for certification, an equity capitalization of at least $500,000 in unencumbered cash or cash equivalents;
(2) at least two principals or persons employed to manage the funds of the applicant must have at least four years of experience in the venture capital industry; and
(3) the applicant must satisfy any additional requirement imposed by the comptroller by rule.
Status: in_force · Read it on the official government site
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