Tex. Insurance Code § 882.603
This is the official text of Tex. Insurance Code § 882.603, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.603. CAPITAL AND SURPLUS REQUIREMENTS.
Official statutory text
(a) The capital and surplus of the converted stock legal reserve life insurance company must be at least equal to the minimum capital and surplus required for the organization of a stock legal reserve life insurance company under Chapter 841.
(b) If a contribution of United States currency is necessary to meet the capital and surplus requirements of this section, the contribution must be made before the effective date of the conversion.
(b) If a contribution of United States currency is necessary to meet the capital and surplus requirements of this section, the contribution must be made before the effective date of the conversion.
Status: in_force · Read it on the official government site
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