Texas § IN.862.152 - MAKING GOOD ON IMPAIRMENT

Full text of Texas The Texas Constitution § IN.862.152 — MAKING GOOD ON IMPAIRMENT, with citation guidance and answers to common questions.

§ IN.862.152. MAKING GOOD ON IMPAIRMENT

MAKING GOOD ON IMPAIRMENT. (a) This section applies to a fire, marine, or inland marine insurance company that receives notice from the commissioner under Subchapter B , Chapter 404 , to make good within 60 days: (1) any impairment of the company's required capital; or (2) the company's surplus. (b) The company shall promptly call on its shareholders for an amount necessary to make the company's capital and surplus equal to the amount required by Sections 822.054 and 822.210 , subject to Subchapter B , Chapter 404 . (c) The shareholders of the company shall be informed of a call under Subsection (b): (1) by personal notice; or (2) by advertisement for the time and in the manner approved by the commissioner. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.069, eff. April 1, 2009.

Related Texas Legal Topics

Frequently Asked Questions About Texas § IN.862.152

What does The Texas Constitution § IN.862.152 cover?

Section IN.862.152 ("MAKING GOOD ON IMPAIRMENT") 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.862.152?

A common citation format is "The Texas Constitution § IN.862.152" (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.862.152 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.