{"data":{"id":"us-tx/tex.-insurance-code-427.052","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 427.052","heading":"SUBORDINATED LIABILITY PERMITTED.","body":"(a) An insurer or health maintenance organization may assume a subordinated liability for repayment of a loan or advance described by Section 427.051 and payment of interest on the loan or advance if the insurer or health maintenance organization and the creditor execute a written agreement stating that the creditor may be paid only out of that portion of the insurer's or health maintenance organization's surplus that exceeds the greater of:\n(1) a minimum surplus amount set in the agreement; or\n(2) a minimum surplus amount of $500,000.\n(b) The department or commissioner may not require the agreement to provide a minimum surplus amount that is different from the amount described by this section.\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 427. SUBORDINATED INDEBTEDNESS","SUBCHAPTER B. LOAN, ADVANCE, AND OTHER INDEBTEDNESS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.427.htm#427.052","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"b7008c89d8e043c5c32ebdbfafe82f76163dabd8930516c04b044410d4425758","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-427.051","next":"us-tx/tex.-insurance-code-427.053"},"notice":"GroundRules: Original legal text. Not legal advice."}