Tex. Ins. Code Section 828.057
Prohibition on Use of Purchasing Company’s Capital, Surplus, or Reserves

Amounts actually paid by the purchasing company for the purchase of shares acquired or obtained under this subchapter may not include the minimum capital, minimum surplus, and policy reserves required by law for the purchasing company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 828.057 — Prohibition on Use of Purchasing Company's Capital, Surplus, or Reserves, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­828.­htm#828.­057 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 828.057’s source at texas​.gov