{"data":{"id":"us-tx/tex.-insurance-code-406.003","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 406.003","heading":"REQUIRED DEPOSIT: STANDARDS AND CRITERIA.","body":"The commissioner, in the commissioner's sole discretion, may require an insurer to make a deposit under this chapter if the commissioner determines that one of the following conditions, if not rectified, may potentially be hazardous to the insurer's policyholders, enrollees, or creditors, or to the public:\n(1) the insurer's financial or operating condition, reviewed in conjunction with the kinds and nature of risks insured;\n(2) the insurer's method of operation;\n(3) the insurer's relationship with affiliates;\n(4) the nature and amount of the insurer's investments;\n(5) the insurer's contracts that may lead to a contingent liability; or\n(6) the insurer's agreements with respect to guaranty and surety.\nAdded by Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 1C.001, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 406. SPECIAL DEPOSITS REQUIRED UNDER POTENTIALLY HAZARDOUS CONDITIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.406.htm#406.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"63817311cff48bae6799eeaf1366cfcfdf12cddfd51e0c8b12c11ce4096f8bfa","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-406.002","next":"us-tx/tex.-insurance-code-406.004"},"notice":"GroundRules: Original legal text. Not legal advice."}