Tex. Insurance Code § 941.201
This is the official text of Tex. Insurance Code § 941.201, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 941.201. REQUIRED NET ASSETS.
Official statutory text
The department may not issue a certificate of authority to an attorney in fact unless the net assets contributed to the attorney in fact, a committee of underwriters, a trustee, or other officers as provided for in the articles of agreement constitute a guaranty fund and surplus over and above all of the Lloyd's plan's liabilities that is at least equal to the minimum capital stock and surplus required of a stock insurance company engaging in the same kinds of business.
Status: in_force · Read it on the official government site
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