{"data":{"id":"us-tx/tex.-insurance-code-884.203","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.203","heading":"PUBLIC OFFERING OF CAPITAL STOCK.","body":"A stipulated premium company may not make to the public an offering that is subject to The Securities Act (Title 12, Government Code), of any of its capital stock before the company possesses:\n(1) capital in an amount of at least $100,000; and\n(2) unencumbered surplus in an amount of at least $100,000.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2019, 86th Leg., R.S., Ch. 491 (H.B. 4171), Sec. 2.35, eff. January 1, 2022.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER E. CAPITAL AND SURPLUS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.203","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"87278821172695410d27d0e4c548e1fe55db55419a3ff73f06da9064d2f07795","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.202","next":"us-tx/tex.-insurance-code-884.204"},"notice":"GroundRules: Original legal text. Not legal advice."}