Texas § 911.306 SOLVENCY REQUIREMENTS.

Texas Statutes

§ 911.306 — SOLVENCY REQUIREMENTS.

Texas § 911.306

Code INInsurance Code

This text of Texas § 911.306 (SOLVENCY REQUIREMENTS.) 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.

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Tex. Insurance Code Code Ann. § 911.306 (2026).

Text

Sec. 911.306. SOLVENCY REQUIREMENTS.

(a)A farm mutual insurance company is solvent if:

(1)the company's assets, including the policyholders' contingent liability for the company's losses, are reasonably sufficient to pay the company's losses according to the terms of the policies; and

(2)the company's required unencumbered surplus, if any, has not been impaired in excess of 16-2/3 percent of the required unencumbered surplus.

(b)A company that is solvent as provided by this section may continue to engage in the business of insurance.

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Sec. 911.306. SOLVENCY REQUIREMENTS. (a) A farm mutual insurance company is solvent if:
(1) the company's assets, including the policyholders' contingent liability for the company's losses, are reasonably sufficient to pay the company's losses according to the terms of the policies; and
(2) the company's required unencumbered surplus, if any, has not been impaired in excess of 16-2/3 percent of the required unencumbered surplus.
(b) A company that is solvent as provided by this section may continue to engage in the business of insurance.