Tex. Ins. Code § 403.051 · Subchapter B. ESTIMATE OF PROFITS
ESTIMATE OF PROFITS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
An insurer organized under the laws of this state may not include the following in the estimate of the insurer's profits for the purpose of paying dividends under Section 403.001:
(1) the reserve on all unexpired risks computed in the manner provided by this code;
(2) the amount of all unpaid losses, whether adjusted or unadjusted; and
(3) all other debts due and payable, or to become due and payable, by the insurer.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, 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.403.htm
- Text hash
- sha256 88e5d74615c74ab20215b460579e8d94096dfff462b39db96f8677d004eec685
- 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
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