Insurance Code § 887.505
An association converting to a stock legal reserve life insurance company must exchange in-force certificates for legal reserve policies, establish and maintain required reserves, and keep capital unimpaired at at least $700,000 after reserves are set.
- Jurisdiction
- United States — Texas
- Instrument
- Code
- Version
- Undated source snapshot
- Language
- en
- Official source
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capital requirements certificate exchange reserves
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Insurance Code § 887.505
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