Texas § IN.982.253 - IMPAIRMENT OF TRUSTEED SURPLUS
Full text of Texas The Texas Constitution § IN.982.253 — IMPAIRMENT OF TRUSTEED SURPLUS, with citation guidance and answers to common questions.
§ IN.982.253. IMPAIRMENT OF TRUSTEED SURPLUS
IMPAIRMENT OF TRUSTEED SURPLUS. (a) If the commissioner determines from a statement filed under Section 982.252 or any report that an alien insurance company's trusteed surplus is less than the greater of the minimum capital required of, or the minimum surplus required to be maintained by, a domestic insurance company authorized to engage in the same kinds of insurance, the commissioner shall: (1) determine the amount of the impairment; and (2) order the company, through its United States manager or attorney, to eliminate the impairment within the period designated by the commissioner. (b) The period for eliminating an impairment under Subsection (a) must end not later than the 90th day after the date the order is served. (c) The commissioner may also by order revoke or suspend an alien insurance company's certificate of authority or prohibit the company from issuing new policies in the United States while an impairment under Subsection (a) exists. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.982.253
What does The Texas Constitution § IN.982.253 cover?
Section IN.982.253 ("IMPAIRMENT OF TRUSTEED SURPLUS") 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.982.253?
A common citation format is "The Texas Constitution § IN.982.253" (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.982.253 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.