Tex. Insurance Code § 493.105
This is the official text of Tex. Insurance Code § 493.105, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 493.105. ACCEPTABILITY OF CERTAIN LETTERS OF CREDIT.
Official statutory text
A letter of credit issued or confirmed by an institution that meets the standards prescribed by Section 493.104(b)(2)(C) as of the date the letter is issued or confirmed, but later fails to meet those standards, continues to be acceptable as security under Section 493.104 until the earliest of:
(1) the letter's expiration;
(2) the letter's extension, renewal, modification, or amendment after the date the institution fails to meet those standards; or
(3) the expiration of the three-month period after the date the institution fails to meet those standards.
(1) the letter's expiration;
(2) the letter's extension, renewal, modification, or amendment after the date the institution fails to meet those standards; or
(3) the expiration of the three-month period after the date the institution fails to meet those standards.
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.