Texas § 862.152 MAKING GOOD ON IMPAIRMENT.

Texas Statutes

§ 862.152 — MAKING GOOD ON IMPAIRMENT.

Texas § 862.152

Code INInsurance Code

This text of Texas § 862.152 (MAKING GOOD ON IMPAIRMENT.) 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. § 862.152 (2026).

Text

Sec. 862.152. MAKING GOOD ON IMPAIRMENT.

(a)This section applies to a fire, marine, or inland marine insurance company that receives notice from the commissioner under Subchapter B , Chapter 404 , to make good within 60 days:

(1)any impairment of the company's required capital; or

(2)the company's surplus.

(b)The company shall promptly call on its shareholders for an amount necessary to make the company's capital and surplus equal to the amount required by Sections 822.054 and 822.210 , subject to Subchapter B , Chapter 404 .

(c)The shareholders of the company shall be informed of a call under Subsection (b):

(1)by personal notice; or

(2)by advertisement for the time and in the manner approved by the commissioner.

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

Sec. 862.152. MAKING GOOD ON IMPAIRMENT. (a) This section applies to a fire, marine, or inland marine insurance company that receives notice from the commissioner under Subchapter B , Chapter 404 , to make good within 60 days:
(1) any impairment of the company's required capital; or
(2) the company's surplus.
(b) The company shall promptly call on its shareholders for an amount necessary to make the company's capital and surplus equal to the amount required by Sections 822.054 and 822.210 , subject to Subchapter B , Chapter 404 .
(c) The shareholders of the company shall be informed of a call under Subsection (b):
(1) by personal notice; or
(2) by advertisement for the time and in the manner approved by the commissioner.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.069, eff. April 1, 2009.