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Tex. Ins. Code § 481.002

APPLICABILITY OF CHAPTER TO CERTAIN DEPOSITS

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff

A voluntary deposit held by the comptroller or the department that was made by an insurer in this state before May 8, 1959, to gain admission to another state may, at the insurer's option, be considered to be held under this chapter.

Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.