Sec. 404.052. DETERMINATION OF IMPAIRMENT

Latest version.

(a) When determining under this subchapter whether the surplus or the minimum required aggregate surplus of an insurer is impaired, the commissioner shall charge against the insurer:
(1) the reinsurance reserve required by the laws of this state; and
(2) all other debts and claims against the insurer.
(b) This section does not apply to a life insurance company.

Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 1, eff. April 1, 2007.

                    
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