Texas § IN.982.111 - EXCEPTION TO DEPOSIT REQUIREMENT
Full text of Texas The Texas Constitution § IN.982.111 — EXCEPTION TO DEPOSIT REQUIREMENT, with citation guidance and answers to common questions.
§ IN.982.111. EXCEPTION TO DEPOSIT REQUIREMENT
EXCEPTION TO DEPOSIT REQUIREMENT: TRUSTEED ASSETS. (a) On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108 , an authorized alien insurance company may deposit bonds or securities of the United States or this state with a trustee or trustees for the security of the company's policyholders in the United States. (b) An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.982.111
What does The Texas Constitution § IN.982.111 cover?
Section IN.982.111 ("EXCEPTION TO DEPOSIT REQUIREMENT") 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.982.111?
A common citation format is "The Texas Constitution § IN.982.111" (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.982.111 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.