Texas § 861.255 RULES REGARDING CERTAIN ASSETS.

Texas Statutes

§ 861.255 — RULES REGARDING CERTAIN ASSETS.

Texas § 861.255

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Bluebook

Tex. Insurance Code Code Ann. § 861.255 (2026).

Text

Sec. 861.255. RULES REGARDING CERTAIN ASSETS.

(a)The value of the electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices specified in Section 861.254 (c)(9), as determined under this section and in accordance with rules adopted by the commissioner, is an admitted asset of the company.

(b)The commissioner may adopt rules defining electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices as specified in Section 861.254 (c)(9) and stating the maximum period for which each class of equipment may be amortized.

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Sec. 861.255. RULES REGARDING CERTAIN ASSETS. (a) The value of the electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices specified in Section 861.254 (c)(9), as determined under this section and in accordance with rules adopted by the commissioner, is an admitted asset of the company.
(b) The commissioner may adopt rules defining electronic machines and systems, office equipment, furniture, other machines, and labor-saving devices as specified in Section 861.254 (c)(9) and stating the maximum period for which each class of equipment may be amortized.