{"data":{"id":"us-tx/tex.-insurance-code-884.206","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.206","heading":"COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.","body":"(a) The commissioner by rule may require a stipulated premium company that writes or assumes life insurance, annuity contracts, or accident and health insurance for a risk to one person in an amount that exceeds $10,000 to maintain capital and surplus in amounts that exceed the minimum amounts required by this chapter because of:\n(1) the nature and kind of risks the company underwrites or reinsures;\n(2) the premium volume of risks the company underwrites or reinsures;\n(3) the composition, quality, duration, or liquidity of the company's investment portfolio;\n(4) fluctuations in the market value of securities the company holds; or\n(5) the adequacy of the company's reserves.\n(b) A rule adopted under Subsection (a) must be designed to ensure the financial solvency of a stipulated premium company for the protection of policyholders and may not require that the total admitted assets of a company exceed 106 percent of its total liabilities.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","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#884.206","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"09aaef0f83fc3da718c44a3499c0faaf0ae5b788e9d9b6a8dd3c857c0b371c30","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.205","next":"us-tx/tex.-insurance-code-884.207"},"notice":"GroundRules: Original legal text. Not legal advice."}