Tex. Ins. Code § 841.302 · Subchapter G. ISSUANCE OF POLICIES
LIMITS ON LIFE OR ACCIDENTAL DEATH INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Until the amount of the capital and surplus of a domestic insurance company is at least $100,000, the company may not insure any one life for more than $20,000 in the event of death from natural causes or more than $40,000 in the event of death from accidental causes.
(b) If the net capital and surplus of a domestic insurance company is at least $75,001 but less than $100,000, the company, for any policy issued by the company, shall reinsure the amount of the benefit that exceeds $4,000 in the event of death from natural causes and the amount of the benefit that exceeds $8,000 in the event of death from accidental causes.
(c) If the net capital and surplus of a domestic insurance company is at least $50,001 but less than $75,001, the company, for any policy issued by the company, shall reinsure the amount of the benefit that exceeds $3,000 in the event of death from natural causes and the amount of the benefit that exceeds $6,000 in the event of death from accidental causes.
(d) If the net capital and surplus of a domestic insurance company is at least $35,001 but less than $50,001, the company, for any policy issued by the company, shall reinsure the amount of the benefit that exceeds $2,000 in the event of death from natural causes and the amount of the benefit that exceeds $4,000 in the event of death from accidental causes.
(e) If the net capital and surplus of a domestic insurance company is $35,000 or less, the company, for any policy issued by the company, shall reinsure the amount of the benefit that exceeds $1,000 in the event of death from natural causes and the amount of the benefit that exceeds $2,000 in the event of death from accidental causes.
(f) Benefits under this section must be reinsured with a legal reserve company that is authorized to engage in the business of insurance in this state.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.841.htm
- Text hash
- sha256 296e33e956907eb0573d7d762f46c646b94a3cb1ecb00a455d01e7c1c3811e4f
- 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 6 provisions
Provisions in this library whose text cites Tex. Ins. Code § 841.302. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 882.201APPLICABILITY OF SUBCHAPTER.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 882.451APPLICABILITY OF CERTAIN PROVISIONS.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 882.701APPLICABILITY OF SUBCHAPTER.Printed as Sections 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 884.402ADDITIONAL COVERAGE.Printed as Sections 841.052, 841.054, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 885.453RESOLUTION TO CONVERT; ADDITIONAL REQUIREMENTS.Printed as Sections 841.054, 841.055, 841.056, 841.057, 841.204, 841.205, 841.301, and 841.302
- Tex. Ins. Code § 982.105CAPITAL STOCK AND SURPLUS REQUIREMENTS FOR LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES.Printed as Sections 841.054, 841.201, 841.204, 841.205, 841.207, 841.301, and 841.302
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.