Texas Insurance Code 823.015 – Exemption From Chapter
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Terms Used In Texas Insurance Code 823.015
- Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
The commissioner may exempt from the application of this chapter a commercially domiciled insurer that the commissioner determines has assets physically located in this state or an asset-to-liability ratio sufficient to justify the conclusion that there is no reasonable danger that the operations or conduct of the business of the insurer could present a danger of loss to the policyholders of this state.