Texas § IN.425.077 - SINGLE STATE EXEMPTION
Full text of Texas The Texas Constitution § IN.425.077 — SINGLE STATE EXEMPTION, with citation guidance and answers to common questions.
§ IN.425.077. SINGLE STATE EXEMPTION
SINGLE STATE EXEMPTION. The commissioner may exempt specific product forms or product lines of a domestic company that is licensed and doing business only in this state from the requirements of Section 425.073 if: (1) the commissioner has issued an exemption in writing to the company and has not subsequently revoked the exemption in writing; and (2) the company computes reserves using assumptions and methods used before the operative date of the valuation manual in addition to any requirements established by the commissioner and adopted by rule. Added by Acts 2015, 84th Leg., R.S., Ch. 313 (S.B. 1654 ), Sec. 15, eff. September 1, 2015. SUBCHAPTER C. AUTHORIZED INVESTMENTS AND TRANSACTIONS FOR CAPITAL STOCK LIFE, HEALTH, AND ACCIDENT INSURERS
Frequently Asked Questions About Texas § IN.425.077
What does The Texas Constitution § IN.425.077 cover?
Section IN.425.077 ("SINGLE STATE EXEMPTION") 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.425.077?
A common citation format is "The Texas Constitution § IN.425.077" (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.425.077 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.