Sec. 426.003.  MAINTENANCE OF RESERVES; NOTICE OF NONCOMPLIANCE.  (a)  If a workers' compensation insurance company's reserves are determined under this chapter to be:
(1)  inadequate, the commissioner shall notify the company and require the company to establish and maintain reasonable additional reserves; or
(2)  unreasonably large, the commissioner shall notify the company and require the company to reduce the amount of reserves to a reasonable amount.
(b)  Not later than the 60th day after the date of notification of noncompliance under Subsection (a), the company shall:
(1)  restore compliance as required by Subsection (a); and
(2)  file a statement of restored compliance, accompanied by any documentation required by the commissioner.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.