Tex. Ins. Code Section 982.101
Filing of Financial Statement by Life, Health, or Accident Insurance Company

A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company that wants to engage in the business of insurance in this state shall provide to the department a written or printed statement, under the oath of the president or vice president or under the oath of the treasurer and secretary of the company, that shows:

(1)

the company’s name and location;

(2)

the amount of the company’s capital stock;

(3)

the amount of the company’s paid up capital stock;

(4)

the company’s assets, including in the following order:

(A)

the amount of cash on hand;

(B)

the amount of cash held by other persons and the names and residences of those persons;

(C)

unencumbered real estate, its location, and its value;

(D)

bonds the company owns, the manner in which the bonds are secured, and the rate of interest on the bonds;

(E)

debts due the company that are secured by mortgage, a description of the mortgaged property, and the property’s market value;

(F)

debts due the company that are secured other than by mortgage and a statement of how they are secured;

(G)

debts due the company for premiums; and

(H)

all other money and securities;

(5)

the amount of the company’s liabilities and the name of the person or corporation to whom each liability is owed;

(6)

losses adjusted and due;

(7)

losses adjusted and not due;

(8)

losses adjusted;

(9)

losses in suspense and the reason for the suspension;

(10)

all other claims against the company and a description of each claim; and

(11)

any additional facts required by the department to be shown.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 982.101 — Filing of Financial Statement by Life, Health, or Accident Insurance Company, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­982.­htm#982.­101 (accessed May 18, 2024).

982.001
Definitions 982.002
Applicability of Chapter 982.003
Life Insurance Companies Wanting to Loan Money 982.004
Financial Statements of Foreign or Alien Insurance Companies 982.051
Certificate of Authority Required for Life, Health, or Accident Companies 982.052
Certificate of Authority Required for Other Companies 982.101
Filing of Financial Statement by Life, Health, or Accident Insurance Company 982.102
Filing of Financial Statement by Other Insurance Company 982.103
Filing of Financial Statement by Alien Insurance Company 982.104
Filing of Articles of Incorporation 982.105
Capital Stock and Surplus Requirements for Life, Health, or Accident Insurance Companies 982.106
Capital Stock and Surplus Requirements for Other Insurance Companies 982.107
Applicability of Other Law 982.108
Deposit Requirements for Alien Insurance Company 982.109
Duration of Deposit by Life, Health, or Accident Insurance Companies 982.110
Duration of Deposit for Other Insurance Companies 982.111
Exception to Deposit Requirement: Trusteed Assets 982.112
Exception to Deposit Requirement: Deposit with Officer in Another State 982.113
Issuance of Certificate of Authority to Life, Health, or Accident Insurance Company 982.114
Payment of Tax by Foreign or Alien Life Insurance Company 982.201
Deed of Trust: General Provisions 982.202
Deed of Trust: Approval by Commissioner 982.203
Location of Trusteed Assets 982.204
Withdrawal of Trusteed Assets 982.251
Trusteed Surplus of Alien Insurance Company 982.252
Form and Contents of Financial Statement of Alien Insurance Company 982.253
Impairment of Trusteed Surplus 982.254
Failure to Eliminate Impairment of Trusteed Surplus 982.255
Examination of Alien Insurance Company 982.301
Applicability of Subchapter 982.302
Reinsurance Not Prohibited 982.303
Texas Law Accepted 982.304
Same or Deceptively Similar Name 982.305
Limitation on Actions in Other State Courts
Green check means up to date. Up to date

Accessed:
May 18, 2024

§ 982.101’s source at texas​.gov