Sec. 861.251. MINIMUM CAPITAL AND SURPLUS. (a) A general casualty company must have at least the minimum capital and surplus applicable to casualty, fidelity, guaranty, surety, and trust companies under Sections 822. 054, 822.210 , and 822.211 . At the time of incorporation, the required capital and surplus must be in cash. (b) After incorporation and issuance of a certificate of authority, a general casualty company shall invest the minimum capital and surplus as provided by Section 822.204 . The company shall invest all other funds of the company in excess of the minimum capital and surplus as provided by: (1) a provision of Subchapter B , Chapter 424 , other than Section 424.052 , 424.072 , or 424.073 ; and (2) Section 862.002 . (c) A general casualty company may not loan any part of the company's capital or paid in surplus to an officer of the company.
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