{"data":{"id":"us-tx/tex.-insurance-code-884.303","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.303","heading":"ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES.","body":"(a) A stipulated premium company that possesses capital and unencumbered surplus in a combined amount of at least $100,000 may issue life insurance policies as authorized for a company operating under Chapter 841.\n(b) A stipulated premium company may not insure one life under this section for more than $25,000, except as provided by Section 884.304 or Subchapter I.\n(c) A stipulated premium company may issue a policy under this section only on an endowment or limited pay basis.\n(d) A stipulated premium company must reserve and reinsure a policy issued under this section as required for a company operating under Chapter 841.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2009, 81st Leg., R.S., Ch. 1309 (H.B. 2570), Sec. 4, eff. September 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER G. POWERS AND DUTIES RELATING TO COVERAGES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.303","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"6532205c40fa15e305af8c600cb9a7f0f073b57227534a4f211c37cb6e3d6f99","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.302","next":"us-tx/tex.-insurance-code-884.304"},"notice":"GroundRules: Original legal text. Not legal advice."}