Sec. 911.308. SURPLUS REQUIREMENTS. (a) A farm mutual insurance company organized between January 1, 1955, and May 21, 1973, shall maintain an unencumbered surplus of $2 for each $100 of insurance in force or an unencumbered surplus of $200,000, whichever amount is less. (b) A farm mutual insurance company organized under this chapter on or after May 21, 1973, shall maintain an unencumbered surplus in cash of $2 for each $100 of insurance in force or an unencumbered surplus of $200,000, whichever amount is greater. (c) A company described by Subsection (b) shall invest the minimum unencumbered surplus as provided by Section 822.204 . The company may invest funds in excess of the minimum unencumbered surplus as provided by the provisions of Subchapter B , Chapter 424 , other than Sections 424.052 , 424.072 , and 424.073 . (d) A company described by Subsection (b) shall, without delay, restore the minimum unencumbered surplus if the surplus is impaired. The department shall proceed as provided by Subchapter B , Chapter 404 .
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