Tex. Ins. Code § 403.053 · Subchapter B. ESTIMATE OF PROFITS
ACQUIRED EARNED SURPLUS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) This section applies only to:
(1) a stock domestic insurance company authorized to engage in the business of life, accident, or health insurance in this state;
(2) a stock foreign or alien life, health, or accident insurance company;
(3) a stock insurance company authorized to engage in the business of property, casualty, or fire insurance; and
(4) a domestic Lloyd's plan, reciprocal or interinsurance exchange, or title insurance company.
(b) In determining the amount of "surplus profits arising from the insurer's business" or "earned surplus" for the purpose of paying dividends to shareholders, the insurer may include the acquired earned surplus of an insurance subsidiary acquired by the insurer to the extent that:
(1) the inclusion is permitted by an order of the commissioner made in accordance with commissioner rules; and
(2) the earned surplus of the acquired subsidiary on the date of acquisition that exists on the date of the commissioner's order is not otherwise reflected in the insurer's earned surplus.
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 22da6c2519891bb563cb5f23f41342170cdf0f3ef6d30aa9bf841f10aa25a6d6
- 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.