{"data":{"id":"us-tx/tex.-insurance-code-403.001","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 403.001","heading":"LIMITATION ON DIVIDENDS.","body":"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.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.\nAmended by:\nActs 2013, 83rd Leg., R.S., Ch. 463 (S.B. 1006), Sec. 1, eff. June 14, 2013.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 403. DIVIDENDS","SUBCHAPTER A. PAYMENT OF DIVIDENDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.403.htm#403.001","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"243d3c18b0a6b4e7f6ba84c76196e1f98362d9a7603552ff8e73b1db264b546c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-402.104","next":"us-tx/tex.-insurance-code-403.002"},"notice":"GroundRules: Original legal text. Not legal advice."}