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TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 6CAPTIVE INSURANCE
SUBCHAPTER EFINANCIAL INFORMATION AND REPORTING
RULE §6.402Basis 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

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