Texas § IN.883.163 - IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT

Full text of Texas The Texas Constitution § IN.883.163 — IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT, with citation guidance and answers to common questions.

§ IN.883.163. IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT

IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT; EXAMINATION. The president and the secretary of a mutual insurance company operating under the law providing for the incorporation of mutual fire, lightning, hail, and storm insurance companies shall immediately notify the commissioner any time the admitted assets of the company are less than the largest single risk for which the company is liable. The commissioner may make an examination into the affairs of the company as the commissioner considers best. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER E. REGULATION OF COMPANY

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Frequently Asked Questions About Texas § IN.883.163

What does The Texas Constitution § IN.883.163 cover?

Section IN.883.163 ("IMMEDIATE NOTIFICATION WHEN ASSETS ARE INSUFFICIENT") 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.

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A common citation format is "The Texas Constitution § IN.883.163" (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.

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