{"data":{"id":"us-tx/tex.-insurance-code-2054.254","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 2054.254","heading":"CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.","body":"(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.\n(b) Payment of a cash dividend or allowance of a credit:\n(1) must be made in accordance with criteria approved by the board, which may consider the policyholder's safety record and performance; and\n(2) may be made only with the department's prior approval.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.","path":["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"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2054.htm#2054.254","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"8a493cef650275d065e5b1516ae6636a6d1149d585699fa77e88140d963b4f0f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-2054.253","next":"us-tx/tex.-insurance-code-2054.255"},"notice":"GroundRules: Original legal text. Not legal advice."}