28 Tex. Admin. Code § 3.1608 - Asset Adequacy Analysis Exemption
(a)
Companies that do business only in Texas and no other state are not required to
perform the asset adequacy analysis required by §
3.1605 of this title (relating to
General Requirements) unless required by the commissioner pursuant to §
3.1603 of this title (relating to
Commissioner Discretion).
(b)
Companies exempted under subsection (a) of this section shall submit with the
annual statement an actuarial opinion pursuant to this subchapter but not based
on an asset adequacy analysis.
Notes
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