Tex. Ins. Code Section 861.255
Rules Regarding Certain Assets

(a)

The value of the electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices specified in Section 861.254 (Annual Statement; Filing Fee)(c)(9), as determined under this section and in accordance with rules adopted by the commissioner, is an admitted asset of the company.

(b)

The commissioner may adopt rules defining electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices as specified in Section 861.254 (Annual Statement; Filing Fee)(c)(9) and stating the maximum period for which each class of equipment may be amortized.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 861.255 — Rules Regarding Certain Assets, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­861.­htm#861.­255 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 861.255’s source at texas​.gov