Tex. Ins. Code § 2054.254 · Subchapter F. GENERAL POWERS AND DUTIES RELATING TO INSURANCE
CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The company may pay a cash dividend or allow a credit on the renewal premium for a policyholder insured with the company, other than a policyholder insured under Subchapter H.
(b) Payment of a cash dividend or allowance of a credit:
(1) must be made in accordance with criteria approved by the board, which may consider the policyholder's safety record and performance; and
(2) may be made only with the department's prior approval.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2054.htm
- Text hash
- sha256 f7e743d3192ab23dd750c2c061b6ded54b31d0cff08a160bc1308f95d7fdff2b
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.