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Tex. Ins. Code § 822.054

CAPITAL STOCK AND SURPLUS REQUIREMENTS

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff

(a) An insurance company must have capital stock in an amount of at least $2.5 million and surplus in an amount of at least $2.5 million.

(b) At the time of incorporation, the required capital and surplus must be in cash.

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