Tex. Insurance Code § 481.003
This is the official text of Tex. Insurance Code § 481.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 481.003. DUTIES OF COMPTROLLER.
Official statutory text
The comptroller shall receive a deposit made by an insurer as described by this chapter and hold it exclusively for the protection of all policyholders or creditors of the insurer, wherever they are located, or for the protection of the insurer's policyholders or creditors in a particular state, country, or province, as designated by the insurer at the time the insurer makes the deposit.
Status: in_force · Read it on the official government site
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