Tex. Insurance Code § 401.059
This is the official text of Tex. Insurance Code § 401.059, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 401.059. DETERMINATION OF VALUE.
Official statutory text
In determining the value or market value of an investment in or on real estate or an improvement to real estate by a carrier authorized to engage in business in this state, the department, in administering this code, may consider any factor or matter that the department considers proper and material, including:
(1) an appraisal by a real estate board or other qualified person;
(2) an affidavit by another person familiar with those values;
(3) a tax valuation;
(4) the cost of acquisition after deducting for depreciation and obsolescence;
(5) the cost of replacement;
(6) sales of other comparable property;
(7) enhancement in value from any cause;
(8) income received or to be received; and
(9) any improvements made.
(1) an appraisal by a real estate board or other qualified person;
(2) an affidavit by another person familiar with those values;
(3) a tax valuation;
(4) the cost of acquisition after deducting for depreciation and obsolescence;
(5) the cost of replacement;
(6) sales of other comparable property;
(7) enhancement in value from any cause;
(8) income received or to be received; and
(9) any improvements made.
Status: in_force · Read it on the official government site
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