Tex. Ins. Code Section 883.202
Required Deposit for Companies Writing Bonds


A domestic mutual insurance company that writes fidelity and surety bond coverage shall maintain on deposit with the comptroller cash or securities of the kind described by a provision of Subchapter B, Chapter 424 (Investments for Certain Insurers), other than Section 424.052 (Additional General Investment Authority), 424.072 (Authorized Investments: Bonds Issued, Assumed, or Guaranteed in International Market), or 424.073 (Authorized Investments: Insurer Engaged in Business in Foreign Country), in an amount equal to the amount of cash or securities required of a domestic stock insurance company.


The commissioner must approve for deposit the cash or securities required by this section.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.075, eff. April 1, 2009.

Source: Section 883.202 — Required Deposit for Companies Writing Bonds, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­883.­htm#883.­202 (accessed Jun. 5, 2024).

Jun. 5, 2024

§ 883.202’s source at texas​.gov