Tex. Insurance Code § 982.111
This is the official text of Tex. Insurance Code § 982.111, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 982.111.
Official statutory text
Sec. 982.111. EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS. (a) On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108, an authorized alien insurance company may deposit bonds or securities of the United States or this state with a trustee or trustees for the security of the company's policyholders in the United States.
(b) An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D.
(b) An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D.
Status: in_force · Read it on the official government site
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