{"data":{"id":"us-tx/tex.-insurance-code-841.253","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 841.253","heading":"LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS.","body":"(a) A life insurance company may declare or pay a dividend to its:\n(1) policyholders only from the expense loading and profits made by the company; and\n(2) shareholders only from the company's earned surplus, as defined by the commissioner.\n(b) A life insurance company that is not showing a profit may pay a dividend on its participating policies from the expense loading on those policies.\n(c) A life insurance company may not discriminate between policyholders in paying a dividend from the expense loading under this section.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES","CHAPTER 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES","SUBCHAPTER F. GENERAL POWERS, DUTIES, AND LIMITATIONS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.841.htm#841.253","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"ff84fa8ca781d48200b518acb709ea87755b3e842de622802b3ce952db6cb522","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-841.252","next":"us-tx/tex.-insurance-code-841.254"},"notice":"GroundRules: Original legal text. Not legal advice."}