Tex. Insurance Code § 884.551
This is the official text of Tex. Insurance Code § 884.551, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.551. DEFINITIONS.
Official statutory text
In this subchapter:
(1) "Mutual assessment company" means any entity regulated under Chapter 887 or 888.
(2) "Net assets" means a company's funds that are available for the payment of the company's obligations in this state, including uncollected premiums that are not more than three months past due, after the deduction of all unpaid losses and claims, claims for losses, and all other debts.
(1) "Mutual assessment company" means any entity regulated under Chapter 887 or 888.
(2) "Net assets" means a company's funds that are available for the payment of the company's obligations in this state, including uncollected premiums that are not more than three months past due, after the deduction of all unpaid losses and claims, claims for losses, and all other debts.
Status: in_force · Read it on the official government site
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