Sec. 984.103. RETURN OF DEPOSIT

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With the approval of the department, the comptroller shall return the deposit required under this subchapter, or the unencumbered balance of the deposit, to the Mexican casualty insurance company on:
(1) the company's withdrawal from the business of insurance in this state; and
(2) a showing to the department that:
(A) each policy written by the company in this state has expired or been canceled; and
(B) each claim or obligation of the company on a policy written in this state that constitutes a lawful charge against the deposit has been satisfied.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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