{"data":{"id":"us-tx/tex.-insurance-code-882.306","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.306","heading":"IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.","body":"(a) If one-half or more of a mutual life insurance company's unencumbered surplus as required by Section 882.301 is impaired, the commissioner may apply to a court for the appointment of a receiver to wind up the affairs of the company.\n(b) In determining whether a company's surplus is impaired, the company shall compute its reserve liability in the manner provided by state law.\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 E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 882. MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER G. UNENCUMBERED SURPLUS REQUIREMENTS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.306","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"994c08409db207bdef7fdf20bd33ccc1d7a5b15b8f6ada0729c1eb487ac5016f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.305","next":"us-tx/tex.-insurance-code-882.351"},"notice":"GroundRules: Original legal text. Not legal advice."}