{"data":{"id":"us-tx/tex.-insurance-code-822.205","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 822.205","heading":"UNENCUMBERED SURPLUS OR GUARANTY FUND REQUIREMENTS FOR CERTAIN INSURANCE COMPANIES.","body":"(a) Except as provided by Section 912.308, this section applies only to an insurance company that:\n(1) writes insurance only in this state; and\n(2) is not required by law to have capital stock.\n(b) Notwithstanding any other provision of this subchapter other than Sections 822.212(b) and (c), an insurance company must have a minimum amount of unencumbered surplus or a minimum amount of guaranty fund and unencumbered surplus equal to the greater of:\n(1) the amount of unencumbered surplus or the amount of guaranty fund and surplus, as appropriate, the company was required to have on August 31, 1991; or\n(2) one-third of the company's net written premium for the preceding 12 months after deducting:\n(A) lawfully ceded reinsurance; and\n(B) any policy fees not ceded to reinsurers.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 677 (H.B. 2449), Sec. 1, eff. September 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE B. ORGANIZATION OF REGULATED ENTITIES","CHAPTER 822. GENERAL INCORPORATION AND REGULATORY REQUIREMENTS FOR INSURANCE COMPANIES OTHER THAN LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES","SUBCHAPTER E. CAPITAL, SURPLUS, AND GUARANTY FUND REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm#822.205","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"b317fc5c4db42db7d7ae56ff8d9ee5a4863b8db3bade768cd1b4483c34ad1d71","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-822.204","next":"us-tx/tex.-insurance-code-822.206"},"notice":"GroundRules: Original legal text. Not legal advice."}