{"data":{"id":"us-tx/tex.-insurance-code-841.410","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 841.410","heading":"CAPITAL AND SURPLUS.","body":"(a) The commissioner may not issue a certificate of authority to a limited purpose subsidiary life insurance company unless the company possesses and maintains unimpaired paid-in capital and surplus of not less than $10 million.\n(b) A limited purpose subsidiary life insurance company shall comply with the risk-based capital requirements adopted by the commissioner by rule.\n(c) A limited purpose subsidiary life insurance company shall maintain risk-based capital in an amount that is at least equal to 300 percent of the authorized control level of risk-based capital adopted by the commissioner.\nAdded by Acts 2011, 82nd Leg., R.S., Ch. 1173 (H.B. 3161), Sec. 1, eff. June 17, 2011.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES","CHAPTER 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES","SUBCHAPTER I. LIMITED PURPOSE SUBSIDIARY LIFE INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.841.htm#841.410","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"405f75d28a692afdb78aa7a55892c77c705fa68765d7e4deabea9eb512884bb6","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-841.409","next":"us-tx/tex.-insurance-code-841.411"},"notice":"GroundRules: Original legal text. Not legal advice."}