Tex. Ins. Code § 882.356

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 882.356 - Payment of Dividends Not Required

This subchapter does not require a mutual life insurance company to pay a dividend to a policyholder if the unencumbered surplus acquired by the company is impaired.

Tex. Ins. Code § 882.356

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