Texas § IN.982.108 - DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY
Full text of Texas The Texas Constitution § IN.982.108 — DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY, with citation guidance and answers to common questions.
§ IN.982.108. DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY
DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY. An alien insurance company may not engage in the business of insurance in this state without first depositing with the comptroller, for the benefit of the company's policyholders who are citizens or residents of the United States, bonds or securities of the United States or this state in an amount at least equal to: (1) the minimum capital required to be maintained by a domestic stock insurer authorized to engage in the same kind of insurance; or (2) one-half the minimum unencumbered surplus required to be maintained by a domestic mutual insurer authorized to engage in the same kind of insurance. 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.982.108
What does The Texas Constitution § IN.982.108 cover?
Section IN.982.108 ("DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY") 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.982.108?
A common citation format is "The Texas Constitution § IN.982.108" (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.982.108 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.