Texas § 1806.154 PROFIT SHARING AUTHORIZED.

Texas Statutes

§ 1806.154 — PROFIT SHARING AUTHORIZED.

Texas § 1806.154

Code INInsurance Code

This text of Texas § 1806.154 (PROFIT SHARING AUTHORIZED.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 1806.154 (2026).

Text

Sec. 1806.154. PROFIT SHARING AUTHORIZED.

(a)Section 1806.153 does not prohibit an insurer from sharing profits with the insurer's policyholders if:

(1)a profit sharing agreement is placed on or in the face of the policy;

(2)the profit sharing is uniform and does not discriminate among individuals or among classes; and

(3)the profit is not distributed to an insured before the expiration of the insurance policy.

(b)An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination.

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Sec. 1806.154. PROFIT SHARING AUTHORIZED. (a) Section 1806.153 does not prohibit an insurer from sharing profits with the insurer's policyholders if:
(1) a profit sharing agreement is placed on or in the face of the policy;
(2) the profit sharing is uniform and does not discriminate among individuals or among classes; and
(3) the profit is not distributed to an insured before the expiration of the insurance policy.
(b) An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination.