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Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 1806.154: PROFIT SHARING AUTHORIZED.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 10. PROPERTY AND CASUALTY INSURANCE
  3. SUBTITLE A. GENERAL PROVISIONS
  4. CHAPTER 1806. PROHIBITED PRACTICES AND REBATES RELATED TO POLICIES
  5. SUBCHAPTER D. PROVISIONS APPLICABLE TO FIRE INSURANCE AND ALLIED LINES

(a) Section 1806.153 does not prohibit an insurer from sharing profits with the insurer's policyholders if:

(1) a profit sharing agreement is placed on or in the face of the policy;

(2) the profit sharing is uniform and does not discriminate among individuals or among classes; and

(3) the profit is not distributed to an insured before the expiration of the insurance policy.

(b) An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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