Tex. Ins. Code § 883.203 · Subchapter E. REGULATION OF COMPANY
RESERVES.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A domestic mutual insurance company shall maintain unearned premiums and other reserves separately for each kind of insurance. The reserves must be maintained on the same basis as those reserves are required to be maintained by a domestic stock insurance company engaging in the same kinds of insurance.
(b) A mutual insurance company operating under this chapter is subject to the same reserve requirements as a domestic insurance company under 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.883.htm
- Text hash
- sha256 df5fd5942ee887b2824f8eb1a0cbaa22164857caf5fc434a3762fd3fd5ffea19
- 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.