Tex. Insurance Code § 884.203
This is the official text of Tex. Insurance Code § 884.203, 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.
§ 884.203. PUBLIC OFFERING OF CAPITAL STOCK.
Official statutory text
A stipulated premium company may not make to the public an offering that is subject to The Securities Act (Title 12, Government Code), of any of its capital stock before the company possesses:
(1) capital in an amount of at least $100,000; and
(2) unencumbered surplus in an amount of at least $100,000.
(1) capital in an amount of at least $100,000; and
(2) unencumbered surplus in an amount of at least $100,000.
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.