{"data":{"id":"us-tx/tex.-insurance-code-964.063","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 964.063","heading":"DIVIDENDS AND DISTRIBUTIONS.","body":"(a) A captive insurance company shall notify the commissioner in writing when issuing policyholder dividends or distributions to policyholders.\n(b) A captive insurance company, with the commissioner's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The commissioner shall adopt rules to implement this subsection.\nAdded by Acts 2013, 83rd Leg., R.S., Ch. 569 (S.B. 734), Sec. 2, eff. June 14, 2013.\nAmended by:\nActs 2015, 84th Leg., R.S., Ch. 469 (S.B. 667), Sec. 3, eff. June 15, 2015.\nActs 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.13, eff. June 15, 2017.\nActs 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 1.14, eff. June 15, 2017.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE H. OTHER ENTITIES","CHAPTER 964. CAPTIVE INSURANCE COMPANIES","SUBCHAPTER B. CAPTIVE INSURANCE COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm#964.063","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"850136084562c3eb633686b051e45f8942fc34d1e0c4055e1323d836c9e46174","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-964.062","next":"us-tx/tex.-insurance-code-964.064"},"notice":"GroundRules: Original legal text. Not legal advice."}