Tex. Ins. Code § 882.403 · Subchapter I. CONTINGENCY RESERVE
CONTINGENCY RESERVE REQUIREMENTS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A mutual life insurance company's contingency reserve as authorized by this subchapter must be:
(1) invested as provided by law; and
(2) used only to pay death claims and dividends to policyholders.
(b) If the interest and earnings from the investment of a company's contingency reserve exceed the amount of reserve authorized by Section 882.401 or 882.402, the company shall pay the excess amount to the policyholders of the company in the form of dividends as provided by law.
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 43859356109a45dde27482599bdbf093b9455855b752337bec9ea16fef7f4311
- 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
This section cites
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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.