Tex. Insurance Code § 884.207
This is the official text of Tex. Insurance Code § 884.207, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.207. NEW BUSINESS PROHIBITED WHEN CAPITAL REQUIREMENTS NOT SATISFIED.
Official statutory text
(a) A stipulated premium company may not write new business in this state unless the company possesses the minimum capital required under this chapter.
(b) A stipulated premium company subject to Section 884.205(a) that does not correct the impairment on or before the date provided by that subsection may not write new business in this state after that date until the impairment is corrected.
(b) A stipulated premium company subject to Section 884.205(a) that does not correct the impairment on or before the date provided by that subsection may not write new business in this state after that date until the impairment is corrected.
Status: in_force · Read it on the official government site
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