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Texas Codes
INSURANCE CODETitle 6 - ORGANIZATION OF INSURERS AND RELATED ENTITIESSubtitle B - ORGANIZATION OF REGULATED ENTITIESChapter 828 - PURCHASE OF STOCK FOR TOTAL ASSUMPTION REINSURANCE
Subchapter B - EXCEPTION TO INVESTMENT LIMITATION
Section 828.057 - Prohibition on Use of Purchasing Company's Capital, Surplus, or Reserves

Tex. Ins. Code § 828.057

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Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 828.057 - Prohibition on Use of Purchasing Company's Capital, Surplus, or Reserves

Amounts actually paid by the purchasing company for the purchase of shares acquired or obtained under this subchapter may not include the minimum capital, minimum surplus, and policy reserves required by law for the purchasing company.

Tex. Ins. Code § 828.057

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.