SECTION 4.2808. Asset Adequacy Analysis Exemption

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(a) Companies that do business only in Texas and no other state are not required to perform the asset adequacy analysis required by §4.2805 of this title (relating to General Requirements) unless required by the commissioner under §4.2803 of this title (relating to Commissioner Discretion).
(b) Companies exempted under subsection (a) of this section must submit with the annual statement an actuarial opinion under this subchapter but not based on an asset adequacy analysis.

Source Note: The provisions of this §4.2808 adopted to be effective June 20, 2005, 30 TexReg 3589; transferred effective September 1, 2023, as published in the July 28, 2023, issue of the Texas Register, 48 TexReg 4127; amended to be effective January 24, 2024, 49 TexReg 250

                    
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