Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle I. COMPANIES THAT ARE NOT ORGANIZED IN TEXAS |
Chapter 982. FOREIGN AND ALIEN INSURANCE COMPANIES |
Subchapter D. TRUSTEED ASSETS OF ALIEN INSURANCE COMPANIES |
Sec. 982.203. LOCATION OF TRUSTEED ASSETS
Latest version.
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(a) The trusteed assets of an alien insurance company shall be kept continuously in the United States.
(b) The trusteed assets of an alien insurance company that enters the United States through this state shall be kept continuously in this state.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.