Tex. Ins. Code § 884.302 · Subchapter G. POWERS AND DUTIES RELATING TO COVERAGES
LIMITS ON LIFE INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Until the amount of the surplus of a stipulated premium company is at least $50,000, the company may not insure one life for more than $1,000 in the event of death from natural causes or more than $2,000 in the event of death from accidental causes, unless the company reinsures the amount of coverage greater than that applicable amount under Section 884.301.
(b) Subsection (a) does not apply to a policy of insurance assumed by a stipulated premium company under Subchapter L.
(c) If the amount of the surplus of a stipulated premium company is at least $50,000 but less than $200,000, the company shall reinsure the insurance amount that exceeds $15,000 on a life insurance risk on one life.
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.884.htm
- Text hash
- sha256 eb3c3458c155c0f1d4d8556b057b5b7d0452b7c0575fa55b82bbd54a7445f7a0
- 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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