Texas § 982.111 EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS.

Texas Statutes

§ 982.111 — EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS.

Texas § 982.111

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Bluebook

Tex. Insurance Code Code Ann. § 982.111 (2026).

Text

Sec. 982.111. EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS.

(a)On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108 , an authorized alien insurance company may deposit bonds or securities of the United States or this state with a trustee or trustees for the security of the company's policyholders in the United States.

(b)An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D.

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Sec. 982.111. EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS. (a) On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108 , an authorized alien insurance company may deposit bonds or securities of the United States or this state with a trustee or trustees for the security of the company's policyholders in the United States.
(b) An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D.