Tex. Ins. Code § 404.051 · Subchapter B. IMPAIRMENT OF STOCK OR SURPLUS
IMPAIRMENT PROHIBITED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The impairment of the capital stock of a stock insurance company is prohibited.
(b) Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:
(1) the surplus of a stock insurance company; or
(2) the minimum required aggregate surplus of a:
(A) mutual company;
(B) Lloyd's plan; or
(C) reciprocal or interinsurance exchange.
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.404.htm
- Text hash
- sha256 479f660e65d0f1c5134e04e3fd37dece36caa23722bbb4e60250f416911ed70b
- 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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