{"data":{"id":"us-tx/tex.-insurance-code-882.354","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.354","heading":"DIVIDEND PAYMENT METHOD.","body":"(a) A dividend declared by a mutual life insurance company under this subchapter shall be paid in:\n(1) cash; or\n(2) the equivalent of the dividend's cash value as provided by an option stated in the policy and selected by the policyholder.\n(b) A policyholder shall notify the company in writing of an option selected by the policyholder under Subsection (a)(2).\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 H. DIVIDENDS"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.354","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"9011848a8de93df88de199eadb0aa732d833d44cb71ac7bd21d47a358bd7e283","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.353","next":"us-tx/tex.-insurance-code-882.355"},"notice":"GroundRules: Original legal text. Not legal advice."}