Tex. Ins. Code § 882.402 · Subchapter I. CONTINGENCY RESERVE
EXCESS CONTINGENCY RESERVE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The commissioner, for good cause shown, may issue an order authorizing a mutual life insurance company to maintain a contingency reserve that exceeds the amount of the reserve authorized by Section 882.401.
(b) The order must state:
(1) a period not exceeding one year during which the company may maintain the excess contingency reserve; and
(2) each reason for authorizing the excess contingency reserve.
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 9866542e1b9d710bc88f7a52c46154851d64d4f976716e0db36021ef60926493
- 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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