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

Tex. Insurance Code § 2054.254: CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.

Where this section sits in the code

INSURANCE CODE
TITLE 10. PROPERTY AND CASUALTY INSURANCE
SUBTITLE E. WORKERS' COMPENSATION INSURANCE
CHAPTER 2054. TEXAS MUTUAL INSURANCE COMPANY
SUBCHAPTER F. GENERAL POWERS AND DUTIES RELATING TO INSURANCE

(a) The company may pay a cash dividend or allow a credit on the renewal premium for a policyholder insured with the company, other than a policyholder insured under Subchapter H.

(b) Payment of a cash dividend or allowance of a credit:

(1) must be made in accordance with criteria approved by the board, which may consider the policyholder's safety record and performance; and

(2) may be made only with the department's prior approval.

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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