Tex. Ins. Code § 883.202

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 883.202 - Required Deposit for Companies Writing Bonds
(a) 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, other than Section 424.052, 424.072, or 424.073, in an amount equal to the amount of cash or securities required of a domestic stock insurance company.
(b) The commissioner must approve for deposit the cash or securities required by this section.

Tex. Ins. Code § 883.202

Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.075, eff. 4/1/2009.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.