Texas § IN.884.256 - ANNUAL STATEMENT
Full text of Texas The Texas Constitution § IN.884.256 — ANNUAL STATEMENT, with citation guidance and answers to common questions.
§ IN.884.256. ANNUAL STATEMENT
ANNUAL STATEMENT; FILING FEE. (a) Except as provided by Section 884.406 , not later than March 31 of each year a stipulated premium company shall: (1) prepare a statement showing the condition of the company on December 31 of the preceding year; and (2) deliver the statement to the department accompanied by a filing fee in the amount determined under Chapter 202 . (b) The statement must be under the oath of two of the stipulated premium company's officers and must show in detail: (1) the character of the company's assets and liabilities on December 31 of the preceding year; (2) the amount and character of business transacted and money received during the year and how money was spent during the year; (3) the number and amount of the company's policies in force on that date; and (4) the total amount of the company's policies in force on that date. (c) For purposes of Subsection (b), an insured under a family group policy to which Section 884.451 (b) applies is accounted for only if a reserve is required for that insured under that section. (d) The department shall prescribe the form of the statement. (e) Fees collected under this section shall be deposited to the credit of the Texas Department of Insurance operating account. Sections 201.001 and 201.002 apply to fees collected under this section. 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.081, eff. April 1, 2009. SUBCHAPTER G. POWERS AND DUTIES RELATING TO COVERAGES
Frequently Asked Questions About Texas § IN.884.256
What does The Texas Constitution § IN.884.256 cover?
Section IN.884.256 ("ANNUAL STATEMENT") 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.884.256?
A common citation format is "The Texas Constitution § IN.884.256" (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.884.256 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.