Texas § IN.846.154 - CASH RESERVE REQUIREMENTS
Full text of Texas The Texas Constitution § IN.846.154 — CASH RESERVE REQUIREMENTS, with citation guidance and answers to common questions.
§ IN.846.154. CASH RESERVE REQUIREMENTS
CASH RESERVE REQUIREMENTS. (a) The amount of cash reserves recommended under Section 846.153 (c)(2) may not be less than the greater of: (1) 20 percent of the total contributions in the preceding plan year; or (2) 20 percent of the total estimated contributions for the current plan year. (b) Cash reserves required by this section must be: (1) computed with proper actuarial regard for: (A) known claims, paid and outstanding; (B) a history of incurred but not reported claims; (C) claims handling expenses; (D) unearned premium; (E) an estimate for bad debts; (F) a trend factor; and (G) a margin for error; and (2) maintained in cash or federally guaranteed obligations of less than five-year maturity that have a fixed or recoverable principal amount or in other investments as the commissioner may authorize by rule. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.846.154
What does The Texas Constitution § IN.846.154 cover?
Section IN.846.154 ("CASH RESERVE REQUIREMENTS") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.846.154?
A common citation format is "The Texas Constitution § IN.846.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.846.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.