reglab/housing_qa huggingface dataset:
TX Ins Code § 982.001 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter A. General Provisions|Section 982.001. Definitions

Sec. 982.001.  DEFINITIONS.  In this chapter:(1)  "Accident insurance company," "health insurance company," "life insurance company," and "United States branch" have the meanings assigned by Section 841.001.(2)  "Alien insurance company" means an insurance company organized under the laws of a foreign country.  The term includes an unincorporated insurance company (other than an unincorporated life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company) that is organized under the laws of a foreign country in a form recognized by the department.(3)  "Domestic insurance company" has, in the context of a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company, the meaning assigned by Section 841.001.(4)  "Foreign insurance company" means an insurance company organized under the laws of another state of the United States.(5)  "Insurance company" means a company engaged as a principal in the business of insurance.(6)  "Policyholder" has, in the context of a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company, the meaning assigned by Section 841.001.(7)  "Trusteed asset" means an asset that an authorized alien insurance company is required or permitted by this chapter to deposit with one or more trustees for the security of the company's policyholders in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.002 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter A. General Provisions|Section 982.002. Applicability of Chapter

Sec. 982.002.  APPLICABILITY OF CHAPTER.  This chapter applies to any insurance company that is organized under the laws of another state or country and that wants to engage in or is engaging in the business of insurance in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.003 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter A. General Provisions|Section 982.003. Life Insurance Companies Wanting to Loan Money

Sec. 982.003.  LIFE INSURANCE COMPANIES WANTING TO LOAN MONEY.  A life insurance company that wants to loan money in this state but does not want to engage in the business of life insurance in this state may obtain from the secretary of state a permit to loan money by complying with the laws of this state relating to foreign corporations engaged in loaning money in this state without having to obtain a certificate of authority to engage in the business of life insurance in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.004 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter A. General Provisions|Section 982.004. Financial Statements of Foreign or Alien Insurance Companies

Sec. 982.004.  FINANCIAL STATEMENTS OF FOREIGN OR ALIEN INSURANCE COMPANIES.  (a)  Each foreign insurance company shall file with the department a statement in the form required by Section 982.101 or 982.102 not later than March 1 of each year.(b)  Each authorized alien insurance company shall file with the department a financial statement in the form required by Section 982.252 not later than March 1 of each year.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.051 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter B. Authority to Engage in Business|Section 982.051. Certificate of Authority Required for Life, Health, or Accident Companies

Sec. 982.051.  CERTIFICATE OF AUTHORITY REQUIRED FOR LIFE, HEALTH, OR ACCIDENT COMPANIES.  A foreign insurance company may not engage in the business of insurance as a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company in this state, except for the lending of money, without first obtaining from the department a certificate of authority that:(1)  shows that the foreign insurance company has fully complied with the laws of this state;  and(2)  authorizes the foreign insurance company to engage in the business of insurance in this state.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.052 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter B. Authority to Engage in Business|Section 982.052. Certificate of Authority Required for Other Companies

Sec. 982.052.  CERTIFICATE OF AUTHORITY REQUIRED FOR OTHER COMPANIES.  Except as provided by Chapter 101 or 981, a foreign or alien insurance company, other than a life insurance company, accident insurance company, life and accident insurance company, or life, health, and accident insurance company, may not engage in this state in the business of insuring others against losses without first obtaining from the department a certificate of authority that authorizes the company to engage in that business.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.101 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.101. Filing of Financial Statement by Life, Health, or Accident Insurance Company

Sec. 982.101.  FILING OF FINANCIAL STATEMENT BY LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANY.  A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company that wants to engage in the business of insurance in this state shall provide to the department a written or printed statement, under the oath of the president or vice president or under the oath of the treasurer and secretary of the company, that shows:(1)  the company's name and location;(2)  the amount of the company's capital stock;(3)  the amount of the company's paid up capital stock;(4)  the company's assets, including in the following order:(A)  the amount of cash on hand;(B)  the amount of cash held by other persons and the names and residences of those persons;(C)  unencumbered real estate, its location, and its value;(D)  bonds the company owns, the manner in which the bonds are secured, and the rate of interest on the bonds;(E)  debts due the company that are secured by mortgage, a description of the mortgaged property, and the property's market value;(F)  debts due the company that are secured other than by mortgage and a statement of how they are secured;(G)  debts due the company for premiums;  and(H)  all other money and securities;(5)  the amount of the company's liabilities and the name of the person or corporation to whom each liability is owed;(6)  losses adjusted and due;(7)  losses adjusted and not due;(8)  losses adjusted;(9)  losses in suspense and the reason for the suspension;(10)  all other claims against the company and a description of each claim;  and(11)  any additional facts required by the department to be shown.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.102 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.102. Filing of Financial Statement by Other Insurance Company; Examination

Sec. 982.102.  FILING OF FINANCIAL STATEMENT BY OTHER INSURANCE COMPANY;  EXAMINATION.  (a)  This section applies only to a foreign or alien insurance company, other than a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company.(b)  A foreign or alien insurance company that wants to engage in the business of insurance in this state shall provide to the department copies of its annual financial statements for the two most recent years.  The copies must be certified by the commissioner or other insurance supervising official of the state or country in which the company is organized and incorporated.  The department may require that the statement show additional facts as requested by the department.(c)  Before approving or denying the application of a foreign or alien insurance company for a certificate of authority to engage in the business of insurance in this state, the commissioner shall:(1)  examine the company, at the company's expense, at its principal office in the United States; or(2)  accept a report of an examination made by the insurance department or other insurance supervisory official of another state or government of a foreign country.(d)  On the applicant's request, the commissioner shall hold a hearing on a denial.  Not later than the 30th day after the date of the applicant's request for a hearing, the commissioner shall request a hearing date.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 17, eff. June 19, 2009.|
TX Ins Code § 982.103 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.103. Filing of Financial Statement by Alien Insurance Company

Sec. 982.103.  FILING OF FINANCIAL STATEMENT BY ALIEN INSURANCE COMPANY.  An alien insurance company that wants to engage in the business of insurance in this state shall file a financial statement as provided by Section 982.252.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.104 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.104. Filing of Articles of Incorporation

Sec. 982.104.  FILING OF ARTICLES OF INCORPORATION.  (a)  A foreign or alien insurance company shall file with the statement required by Section 982.101 or 982.102:(1)  a copy of the company's acts or articles of incorporation and any amendments to those acts or articles;  and(2)  a copy of the company's bylaws and a statement of the name and residence of each of the company's officers and directors.(b)  The president or the secretary of the company shall certify the documents filed under Subsection (a).|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.105 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.105. Capital Stock and Surplus Requirements for Life, Health, or Accident Insurance Companies

Sec. 982.105.  CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES.  (a)  A foreign or alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company is subject to Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302.  The department may not issue a certificate of authority to a foreign or alien stock insurance company, and the company may not engage in any business of life, health, or accident insurance in this state, unless the company possesses at least the minimum capital and surplus required for a similar domestic insurance company organized under Chapter 841 in similar circumstances.  The minimum capital and surplus must be invested in the same character of investments as required for a domestic insurance company.(b)  The department may not issue a certificate of authority to a foreign or alien mutual insurance company, and the company may not engage in the business of life insurance in this state, unless the company possesses at least the minimum unencumbered surplus required by Chapter 882 for a similar domestic company in similar circumstances.  The minimum unencumbered surplus must be invested in the same character of investments as required for a domestic insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.106 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.106. Capital Stock and Surplus Requirements for Other Insurance Companies

Sec. 982.106.  CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR OTHER INSURANCE COMPANIES.  (a)  This section applies only to a foreign or alien insurance company other than a life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company.(b)  A foreign or alien insurance company is subject to Sections 822.203, 822.205, 822.210, and 822.212.  The department may not authorize a foreign or alien insurance company to engage in the business of insurance in this state unless the company has and maintains the minimum capital and surplus amounts as required by this code for companies organized under this code and engaging in the same kinds of business.(c)  The department may not deny authorization for a foreign or alien insurance company to engage in the business of insurance in this state because all of the company's capital stock has not been fully subscribed and paid for, if:(1)  at least the minimum dollar amount of capital stock of the company required by the laws of this state, which may be less than all of the company's authorized capital stock, has been subscribed and paid for;  and(2)  the company:(A)  has at least the minimum dollar amount of surplus required by the laws of this state for the kinds of business the company seeks to write;  and(B)  has fully complied with the laws of the company's domiciliary state or country relating to authorization and issuance of capital stock.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.107 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.107. Applicability of Other Law

Sec. 982.107.  APPLICABILITY OF OTHER LAW.  Chapter 402 applies to a foreign or alien insurance company.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.136, eff. April 1, 2009.|
TX Ins Code § 982.108 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.108. Deposit Requirements for Alien Insurance Company

Sec. 982.108.  DEPOSIT REQUIREMENTS FOR ALIEN INSURANCE COMPANY.  An alien insurance company may not engage in the business of insurance in this state without first depositing with the comptroller, for the benefit of the company's policyholders who are citizens or residents of the United States, bonds or securities of the United States or this state in an amount at least equal to:(1)  the minimum capital required to be maintained by a domestic stock insurer authorized to engage in the same kind of insurance;  or(2)  one-half the minimum unencumbered surplus required to be maintained by a domestic mutual insurer authorized to engage in the same kind of insurance.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.109 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.109. Duration of Deposit by Life, Health, or Accident Insurance Companies

Sec. 982.109.  DURATION OF DEPOSIT BY LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES.  An alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company shall maintain the deposit required by Section 982.108 for the period that the company has any outstanding liability arising from its insurance transactions in the United States.  The deposit is liable to pay the judgments, as decreed by courts, of the company's policyholders in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.110 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.110. Duration of Deposit for Other Insurance Companies

Sec. 982.110.  DURATION OF DEPOSIT FOR OTHER INSURANCE COMPANIES.  An alien insurance company, other than an alien life insurance company, accident insurance company, life and accident insurance company, health and accident insurance company, or life, health, and accident insurance company, shall maintain the deposit required by Section 982.108 for the period that the company has any outstanding liability arising from its insurance transactions in the United States.  The deposit is for the exclusive benefit, security, and protection of the company's policyholders in the United States.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.111 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.111. Exception to Deposit Requirement: Trusteed Assets

Sec. 982.111.  EXCEPTION TO DEPOSIT REQUIREMENT:  TRUSTEED ASSETS.  (a)  On approval by the commissioner as provided by Subchapter D, instead of making the deposit with the comptroller under Section 982.108, an authorized alien insurance company may deposit bonds or securities of the United States or this state with a trustee or trustees for the security of the company's policyholders in the United States.(b)  An alien insurance company shall maintain the deposit permitted by Subsection (a) as provided by Subchapter D.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|
TX Ins Code § 982.112 (2021)
2021 Texas Statutes|Insurance Code|Title 6 - Organization of Insurers and Related Entities|Subtitle I - Surplus Lines Insurers; Companies Not Organized in Texas|Chapter 982 - Foreign and Alien Insurance Companies|Subchapter C. Requirements for Certificate of Authority|Section 982.112. Exception to Deposit Requirement: Deposit With Officer in Another State

Sec. 982.112.  EXCEPTION TO DEPOSIT REQUIREMENT:  DEPOSIT WITH OFFICER IN ANOTHER STATE.  (a)  The deposit required under Section 982.108 is not required in this state if the deposit required by that section has been made in any state of the United States, under the laws of that state, in a manner that secures equally the policyholders of the company who are citizens and residents of the United States.(b)  An alien insurance company that desires to meet the requirements of Section 982.108 as provided by Subsection (a) shall file with the department a certificate of the deposit.  The certificate must be signed by and under the seal of the officer of the state with whom the deposit was made.|Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.|