{"data":{"id":"us-tx/tex.-insurance-code-882.402","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.402","heading":"EXCESS CONTINGENCY RESERVE.","body":"(a) The commissioner, for good cause shown, may issue an order authorizing a mutual life insurance company to maintain a contingency reserve that exceeds the amount of the reserve authorized by Section 882.401.\n(b) The order must state:\n(1) a period not exceeding one year during which the company may maintain the excess contingency reserve; and\n(2) each reason for authorizing the excess contingency reserve.\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 I. CONTINGENCY RESERVE"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.402","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"1e7386e8cfc31218ba71420447913cd26930958d513ace18689d74ee7175133f","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.401","next":"us-tx/tex.-insurance-code-882.403"},"notice":"GroundRules: Original legal text. Not legal advice."}