Tex. Ins. Code § 882.303

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 882.303 - Unencumbered Surplus Less Than $25,000

A mutual life insurance company whose unencumbered surplus is less than $25,000 shall allocate at least 25 percent of the company's net earned surplus for the preceding calendar year to the company's unencumbered surplus until the company has obtained an unencumbered surplus of at least $25,000.

Tex. Ins. Code § 882.303

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.