Tex. Ins. Code Section 941.201
Required Net Assets


The department may not issue a certificate of authority to an attorney in fact unless the net assets contributed to the attorney in fact, a committee of underwriters, a trustee, or other officers as provided for in the articles of agreement constitute a guaranty fund and surplus over and above all of the Lloyd’s plan’s liabilities that is at least equal to the minimum capital stock and surplus required of a stock insurance company engaging in the same kinds of business.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 941.201 — Required Net Assets, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­941.­htm#941.­201 (accessed Mar. 23, 2024).

Accessed:
Mar. 23, 2024

§ 941.201’s source at texas​.gov