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

Tex. Insurance Code § 403.001: LIMITATION ON DIVIDENDS.

Where this section sits in the code

INSURANCE CODE
TITLE 4. REGULATION OF SOLVENCY
SUBTITLE A. GENERAL PROVISIONS
CHAPTER 403. DIVIDENDS
SUBCHAPTER A. PAYMENT OF DIVIDENDS

An insurer organized under the laws of this state, including a life, health, fire, marine, or inland marine insurance company, may not pay a shareholder dividend except from surplus profits arising from the insurer's business.

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

Amended by:

Acts 2013, 83rd Leg., R.S., Ch. 463 (S.B. 1006), Sec. 1, eff. June 14, 2013.

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

Browse this collection