{"data":{"id":"us-tx/tex.-insurance-code-426.003","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 426.003","heading":"MAINTENANCE OF RESERVES; NOTICE OF NONCOMPLIANCE.","body":"(a) If a workers' compensation insurance company's reserves are determined under this chapter to be:\n(1) inadequate, the commissioner shall notify the company and require the company to establish and maintain reasonable additional reserves; or\n(2) unreasonably large, the commissioner shall notify the company and require the company to reduce the amount of reserves to a reasonable amount.\n(b) Not later than the 60th day after the date of notification of noncompliance under Subsection (a), the company shall:\n(1) restore compliance as required by Subsection (a); and\n(2) file a statement of restored compliance, accompanied by any documentation required by the commissioner.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE B. RESERVES AND INVESTMENTS","CHAPTER 426. RESERVES FOR WORKERS' COMPENSATION INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.426.htm#426.003","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"126a938d37faeb58c1926dad55b8ffbbcee5d0794eaf4d7740287d9886de9ab1","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-426.002","next":"us-tx/tex.-insurance-code-427.001"},"notice":"GroundRules: Original legal text. Not legal advice."}