Tex. Insurance Code § 425.001
This is the official text of Tex. Insurance Code § 425.001, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 425.001. SECURITIES IN AMOUNT OF RESERVES REQUIRED.
Official statutory text
The commissioner, after determining the amount of the reserves required on all of a life insurance company's policies in force, shall ensure that the company has at least that amount in securities of the class and character required by the law of this state, after all debts and claims against the company and the minimum capital required by Chapter 841 or 982, as applicable, have been provided for.
Status: in_force · Read it on the official government site
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