Tex. Ins. Code Section 982.108
Deposit Requirements for Alien Insurance Company

An alien insurance company may not engage in the business of insurance in this state without first depositing with the comptroller, for the benefit of the company’s policyholders who are citizens or residents of the United States, bonds or securities of the United States or this state in an amount at least equal to:

(1)

the minimum capital required to be maintained by a domestic stock insurer authorized to engage in the same kind of insurance; or

(2)

one-half the minimum unencumbered surplus required to be maintained by a domestic mutual insurer authorized to engage in the same kind of insurance.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 982.108 — Deposit Requirements for Alien Insurance Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­982.­htm#982.­108 (accessed Jun. 5, 2024).

982.001
Definitions 982.002
Applicability of Chapter 982.003
Life Insurance Companies Wanting to Loan Money 982.004
Financial Statements of Foreign or Alien Insurance Companies 982.051
Certificate of Authority Required for Life, Health, or Accident Companies 982.052
Certificate of Authority Required for Other Companies 982.101
Filing of Financial Statement by Life, Health, or Accident Insurance Company 982.102
Filing of Financial Statement by Other Insurance Company 982.103
Filing of Financial Statement by Alien Insurance Company 982.104
Filing of Articles of Incorporation 982.105
Capital Stock and Surplus Requirements for Life, Health, or Accident Insurance Companies 982.106
Capital Stock and Surplus Requirements for Other Insurance Companies 982.107
Applicability of Other Law 982.108
Deposit Requirements for Alien Insurance Company 982.109
Duration of Deposit by Life, Health, or Accident Insurance Companies 982.110
Duration of Deposit for Other Insurance Companies 982.111
Exception to Deposit Requirement: Trusteed Assets 982.112
Exception to Deposit Requirement: Deposit with Officer in Another State 982.113
Issuance of Certificate of Authority to Life, Health, or Accident Insurance Company 982.114
Payment of Tax by Foreign or Alien Life Insurance Company 982.201
Deed of Trust: General Provisions 982.202
Deed of Trust: Approval by Commissioner 982.203
Location of Trusteed Assets 982.204
Withdrawal of Trusteed Assets 982.251
Trusteed Surplus of Alien Insurance Company 982.252
Form and Contents of Financial Statement of Alien Insurance Company 982.253
Impairment of Trusteed Surplus 982.254
Failure to Eliminate Impairment of Trusteed Surplus 982.255
Examination of Alien Insurance Company 982.301
Applicability of Subchapter 982.302
Reinsurance Not Prohibited 982.303
Texas Law Accepted 982.304
Same or Deceptively Similar Name 982.305
Limitation on Actions in Other State Courts
Green check means up to date. Up to date

Accessed:
Jun. 5, 2024

§ 982.108’s source at texas​.gov