Tex. Insurance Code § 982.253
This is the official text of Tex. Insurance Code § 982.253, 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.
§ 982.253. IMPAIRMENT OF TRUSTEED SURPLUS.
Official statutory text
(a) If the commissioner determines from a statement filed under Section 982.252 or any report that an alien insurance company's trusteed surplus is less than the greater of the minimum capital required of, or the minimum surplus required to be maintained by, a domestic insurance company authorized to engage in the same kinds of insurance, the commissioner shall:
(1) determine the amount of the impairment; and
(2) order the company, through its United States manager or attorney, to eliminate the impairment within the period designated by the commissioner.
(b) The period for eliminating an impairment under Subsection (a) must end not later than the 90th day after the date the order is served.
(c) The commissioner may also by order revoke or suspend an alien insurance company's certificate of authority or prohibit the company from issuing new policies in the United States while an impairment under Subsection (a) exists.
(1) determine the amount of the impairment; and
(2) order the company, through its United States manager or attorney, to eliminate the impairment within the period designated by the commissioner.
(b) The period for eliminating an impairment under Subsection (a) must end not later than the 90th day after the date the order is served.
(c) The commissioner may also by order revoke or suspend an alien insurance company's certificate of authority or prohibit the company from issuing new policies in the United States while an impairment under Subsection (a) exists.
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.