{"data":{"id":"us-tx/tex.-insurance-code-404.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 404.051","heading":"IMPAIRMENT PROHIBITED.","body":"(a) The impairment of the capital stock of a stock insurance company is prohibited.\n(b) Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:\n(1) the surplus of a stock insurance company; or\n(2) the minimum required aggregate surplus of a:\n(A) mutual company;\n(B) Lloyd's plan; or\n(C) reciprocal or interinsurance exchange.\nAdded by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.","path":["INSURANCE CODE","TITLE 4. REGULATION OF SOLVENCY","SUBTITLE A. GENERAL PROVISIONS","CHAPTER 404. FINANCIAL CONDITION","SUBCHAPTER B. IMPAIRMENT OF STOCK OR SURPLUS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.404.htm#404.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"7c0c667ddfe2ac7256527702b79f69d65374bff4d819a8c9524ee51d324a7e55","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-404.006","next":"us-tx/tex.-insurance-code-404.052"},"notice":"GroundRules: Original legal text. Not legal advice."}