(a) Not later than March 1 of each year, a domestic insurance company shall:
(1) prepare a statement showing the condition of the company on December 31 of the preceding year; and
(2) deliver the statement to the department accompanied by a filing fee in the amount determined under Chapter 202.
(b) The statement must be under oath of two of the domestic insurance company’s officers and show in detail:
(1) the character of the company’s assets and liabilities on December 31 of the preceding year;
(2) the amount and character of business transacted and money received during the preceding year;
(3) how money was spent during the preceding year;
(4) the number and amount of the company’s policies in force in this state on that date; and
(5) the total amount of the company’s policies in force on that date.

Terms Used In Texas Insurance Code 841.255

  • Assets: (1) The property comprising the estate of a deceased person, or (2) the property in a trust account.
  • Liabilities: The aggregate of all debts and other legal obligations of a particular person or legal entity.
  • Year: means 12 consecutive months. See Texas Government Code 311.005