{"data":{"id":"us-tx/tex.-insurance-code-911.306","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 911.306","heading":"SOLVENCY REQUIREMENTS.","body":"(a) A farm mutual insurance company is solvent if:\n(1) the company's assets, including the policyholders' contingent liability for the company's losses, are reasonably sufficient to pay the company's losses according to the terms of the policies; and\n(2) the company's required unencumbered surplus, if any, has not been impaired in excess of 16-2/3 percent of the required unencumbered surplus.\n(b) A company that is solvent as provided by this section may continue to engage in the business of insurance.\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 F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES","CHAPTER 911. FARM MUTUAL INSURANCE COMPANIES","SUBCHAPTER G. REGULATION OF FARM MUTUAL INSURANCE COMPANY; FINANCIAL REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.911.htm#911.306","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"d39325f27ba552a5816286361ccf3a64122f1f5f29aed22d7e1d5d786ba296d7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-911.305","next":"us-tx/tex.-insurance-code-911.307"},"notice":"GroundRules: Original legal text. Not legal advice."}