This is a clone of the Texas Administrative Code (TAC) for educational purposes. It is not the official version and should not be used for legal purposes. Site created Wed, 21 May 2025 21:16:38 GMT

TITLE 16 - ECONOMIC REGULATION
PART 4 - TEXAS DEPARTMENT OF LICENSING AND REGULATION
CHAPTER 77 - SERVICE CONTRACT PROVIDERS AND ADMINISTRATORS
SUBCHAPTER 77.43.html - null
SECTION/RULE §77.43 - Financial Security--Minimum Net Worth
Chapter Review Date 03/15/2023

A provider that maintains, or has a parent company maintain, a net worth or stockholder's equity of at least $100 million to comply with the financial security requirements of Texas Occupations Code §1304.151, will not be allowed to obtain or renew a registration unless the provider gives the department audited financial statements as described under §1304.151(c) and (d) or information for accessing and viewing the proof of net worth online.

Source Note: The provisions of this §77.43 adopted to be effective November 16, 2009, 34 TexReg 7791.

View Official Rule