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TITLE 28 | INSURANCE |
PART 1 | TEXAS DEPARTMENT OF INSURANCE |
CHAPTER 6 | CAPTIVE INSURANCE |
SUBCHAPTER E | FINANCIAL INFORMATION AND REPORTING |
RULE §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. |
Source Note: The provisions of this §6.402 adopted to be effective April 27, 2014, 39 TexReg 3232 |