A covered entity or a covered entity's assignee entitled to an offset or deduction that has not been used may show, in the covered entity's or assignee's books and records, the balance of the deduction or offset as an admitted asset for any purpose.
Tex. Ins. Code § 703.104
TREATMENT OF DEDUCTION OR OFFSET AS ADMITTED ASSET
Added by Acts 2003, 78th Leg., ch. 1274, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.