Tex. Ins. Code § 882.354 · Subchapter H. DIVIDENDS
DIVIDEND PAYMENT METHOD.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A dividend declared by a mutual life insurance company under this subchapter shall be paid in:
(1) cash; or
(2) the equivalent of the dividend's cash value as provided by an option stated in the policy and selected by the policyholder.
(b) A policyholder shall notify the company in writing of an option selected by the policyholder under Subsection (a)(2).
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.882.htm
- Text hash
- sha256 4fc14e091bd7c030085fc36a41c1c0140c47cdea4b23b422ae720efe116a939f
- 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.