Texas § IN.481.001 - DEPOSIT WITH COMPTROLLER
Full text of Texas The Texas Constitution § IN.481.001 — DEPOSIT WITH COMPTROLLER, with citation guidance and answers to common questions.
§ IN.481.001. DEPOSIT WITH COMPTROLLER
DEPOSIT WITH COMPTROLLER. (a) An insurer organized and engaged in business under this code that is required by another state, country, or province as a condition of engaging in an insurance business in that state, country, or province to make or maintain a deposit with an officer of any state, country, or province may, at the insurer's discretion, voluntarily deposit with the comptroller cash or securities in an amount that is sufficient to satisfy the conditions of the other state, country, or province. (b) Any securities deposited must be approved by the commissioner as being of a type and character in which the insurer is authorized by law to invest. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.481.001
What does The Texas Constitution § IN.481.001 cover?
Section IN.481.001 ("DEPOSIT WITH COMPTROLLER") 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.481.001?
A common citation format is "The Texas Constitution § IN.481.001" (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.481.001 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.