Texas § 406.003 REQUIRED DEPOSIT: STANDARDS AND CRITERIA.

Texas Statutes

§ 406.003 — REQUIRED DEPOSIT: STANDARDS AND CRITERIA.

Texas § 406.003

Code INInsurance Code

This text of Texas § 406.003 (REQUIRED DEPOSIT: STANDARDS AND CRITERIA.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 406.003 (2026).

Text

Sec. 406.003. REQUIRED DEPOSIT: STANDARDS AND CRITERIA. The commissioner, in the commissioner's sole discretion, may require an insurer to make a deposit under this chapter if the commissioner determines that one of the following conditions, if not rectified, may potentially be hazardous to the insurer's policyholders, enrollees, or creditors, or to the public:

(1)the insurer's financial or operating condition, reviewed in conjunction with the kinds and nature of risks insured;

(2)the insurer's method of operation;

(3)the insurer's relationship with affiliates;

(4)the nature and amount of the insurer's investments;

(5)the insurer's contracts that may lead to a contingent liability; or

(6)the insurer's agreements with respect to guaranty and surety.

Free access — add to your briefcase to read the full text and ask questions with AI

Sec. 406.003. REQUIRED DEPOSIT: STANDARDS AND CRITERIA. The commissioner, in the commissioner's sole discretion, may require an insurer to make a deposit under this chapter if the commissioner determines that one of the following conditions, if not rectified, may potentially be hazardous to the insurer's policyholders, enrollees, or creditors, or to the public:
(1) the insurer's financial or operating condition, reviewed in conjunction with the kinds and nature of risks insured;
(2) the insurer's method of operation;
(3) the insurer's relationship with affiliates;
(4) the nature and amount of the insurer's investments;
(5) the insurer's contracts that may lead to a contingent liability; or
(6) the insurer's agreements with respect to guaranty and surety.