Tex. Ins. Code § 403.001 · Subchapter A. PAYMENT OF DIVIDENDS
LIMITATION ON DIVIDENDS.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer organized under the laws of this state, including a life, health, fire, marine, or inland marine insurance company, may not pay a shareholder dividend except from surplus profits arising from the insurer's business.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 463 (S.B. 1006), Sec. 1, eff. June 14, 2013.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.403.htm
- Text hash
- sha256 87a950483eb23631f0bd2492b7e0b5897f47b5cd77d0ccf0e0fb48eec90f1abd
- 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
Cited by 7 provisions
Provisions in this library whose text cites Tex. Ins. Code § 403.001. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 403.051ESTIMATE OF PROFITS.Printed as Section 403.001
- Tex. Ins. Code § 403.052ESTIMATE OF PROFITS OF CERTAIN INSURERS.Printed as Section 403.001
- Tex. Ins. Code § 403.101PENALTIES.Printed as Sections 403.001 and 403.051
- Tex. Ins. Code § 403.102PENALTIES FOR CERTAIN INSURERS.Printed as Sections 403.001 and 403.052
- Tex. Ins. Code § 861.154DIVIDENDS.Printed as Sections 403.001 and 403.051
- Tex. Ins. Code § 884.002APPLICABILITY OF OTHER LAW TO COMPANY.Printed as Sections 403.001, 403.052, and 403.102
- Tex. Ins. Code § 884.253DIVIDENDS.Printed as Sections 403.001 and 403.052
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.