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

Tex. Insurance Code § 964.063: DIVIDENDS AND DISTRIBUTIONS.

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Where this section sits in the code
  1. INSURANCE CODE
  2. TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
  3. SUBTITLE H. OTHER ENTITIES
  4. CHAPTER 964. CAPTIVE INSURANCE COMPANIES
  5. SUBCHAPTER B. CAPTIVE INSURANCE COMPANIES

(a) A captive insurance company shall notify the commissioner in writing when issuing policyholder dividends or distributions to policyholders.

(b) A captive insurance company, with the commissioner's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The commissioner shall adopt rules to implement this subsection.

Added by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.

Amended by:

Acts 2015, 84th Leg., R.S., Ch. 469 (S.B. 667), Sec. 3, eff. June 15, 2015.

Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.13, eff. June 15, 2017.

Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.14, eff. June 15, 2017.

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

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