Texas § 883.202 REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS.

Texas Statutes

§ 883.202 — REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS.

Texas § 883.202

Code INInsurance Code

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Bluebook

Tex. Insurance Code Code Ann. § 883.202 (2026).

Text

Sec. 883.202. REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS.

(a)A domestic mutual insurance company that writes fidelity and surety bond coverage shall maintain on deposit with the comptroller cash or securities of the kind described by a provision of Subchapter B , Chapter 424 , other than Section 424.052 , 424.072 , or 424.073 , in an amount equal to the amount of cash or securities required of a domestic stock insurance company.

(b)The commissioner must approve for deposit the cash or securities required by this section.

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Sec. 883.202. REQUIRED DEPOSIT FOR COMPANIES WRITING BONDS. (a) A domestic mutual insurance company that writes fidelity and surety bond coverage shall maintain on deposit with the comptroller cash or securities of the kind described by a provision of Subchapter B , Chapter 424 , other than Section 424.052 , 424.072 , or 424.073 , in an amount equal to the amount of cash or securities required of a domestic stock insurance company.
(b) The commissioner must approve for deposit the cash or securities required by this section.

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.075, eff. April 1, 2009.