Texas § IN.887.510 - INCREASE OF CAPITAL AND SURPLUS REQUIRED

Full text of Texas The Texas Constitution § IN.887.510 — INCREASE OF CAPITAL AND SURPLUS REQUIRED, with citation guidance and answers to common questions.

§ IN.887.510. INCREASE OF CAPITAL AND SURPLUS REQUIRED

INCREASE OF CAPITAL AND SURPLUS REQUIRED. (a) An association that converts to a stock legal reserve life insurance company under this subchapter shall, not later than the 10th anniversary of the date of conversion, increase its capital and surplus to the minimum capital and surplus required for a stock legal reserve life insurance company organized under Chapter 841 . (b) The commissioner shall revoke a converted association's certificate of authority to engage in the business of insurance if the association does not comply with Subsection (a). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. SUBCHAPTER L. GENERAL FINANCIAL REGULATION

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.887.510

What does The Texas Constitution § IN.887.510 cover?

Section IN.887.510 ("INCREASE OF CAPITAL AND SURPLUS REQUIRED") 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.887.510?

A common citation format is "The Texas Constitution § IN.887.510" (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.887.510 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.

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