{"data":{"id":"us-tx/tex.-insurance-code-941.201","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 941.201","heading":"REQUIRED NET ASSETS.","body":"The department may not issue a certificate of authority to an attorney in fact unless the net assets contributed to the attorney in fact, a committee of underwriters, a trustee, or other officers as provided for in the articles of agreement constitute a guaranty fund and surplus over and above all of the Lloyd's plan's liabilities that is at least equal to the minimum capital stock and surplus required of a stock insurance company engaging in the same kinds of business.\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 G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES","CHAPTER 941. LLOYD'S PLAN","SUBCHAPTER E. FINANCIAL REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.941.htm#941.201","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"5743e1193d277109c988d17c1aed41b381f5b2014e7f05b311f4efcfe7c08f30","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-941.156","next":"us-tx/tex.-insurance-code-941.202"},"notice":"GroundRules: Original legal text. Not legal advice."}