Statutes, codes, and regulations
Texas Administrative Code
Title 28 - INSURANCEPart 1 - TEXAS DEPARTMENT OF INSURANCEChapter 6 - CAPTIVE INSURANCE
Subchapter E - FINANCIAL INFORMATION AND REPORTING
Section 6.402 - Basis of Accounting

28 Tex. Admin. Code § 6.402

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Current through Reg. 49, No. 45; November 8, 2024
Section 6.402 - Basis of Accounting

Under Insurance Code § 964.054(c), the basis of accounting for captive insurance company financial statements is current and future generally accepted accounting principles issued by the Financial Accounting Standards Board for use in the United States.

28 Tex. Admin. Code § 6.402

The provisions of this §6.402 adopted to be effective April 27, 2014, 39 TexReg 3232