AMOUNT AND INVESTMENT OF SURPLUS.
Tex. INS Code § 912.308.
in effect(a) A county mutual insurance company shall maintain an unencumbered surplus which may be invested only in items listed in Section 822.204 . The unencumbered surplus must be at least:
(1) $25,000, if the company is organized to write insurance coverage locally in only the county of its domicile;
(2) $50,000, if the company is organized to write insurance coverage in only the county of its domicile and any adjacent county; or
(3) an amount equal to the aggregate of the minimum capital and minimum surplus required under Sections 822.054 , 822.202 , 822.210 , and 822.211 , for a fire insurance company if the county mutual insurance company is organized to write insurance coverage statewide.
(b) Except as provided by Section 912.056 , a county mutual insurance company is subject to Subchapter B , Chapter 404 , and Sections 822.203 , 822.210 , and 822.212 .
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Acts 2009, 81st Leg., R.S., Ch. 677 (H.B. 2449 ), Sec. 2, eff. September 1, 2009.