Sec. 861.256.  FAILURE TO MAKE DEPOSIT OR DELIVER ANNUAL STATEMENT.  (a)  If a general casualty company fails to make a deposit under Section 861. 252 or to deliver an annual statement under Section 861.254 in a timely manner, the department shall notify the company that the company may not issue new insurance until the deposit is made or the statement is delivered to the department.
(b)  A general casualty company may not issue an insurance policy in violation of this section.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.