Texas § 2054.254 CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.

Texas Statutes

§ 2054.254 — CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.

Texas § 2054.254

Code INInsurance Code

This text of Texas § 2054.254 (CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.) 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. § 2054.254 (2026).

Text

Sec. 2054.254. CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM.

(a)The company may pay a cash dividend or allow a credit on the renewal premium for a policyholder insured with the company, other than a policyholder insured under Subchapter H.

(b)Payment of a cash dividend or allowance of a credit:

(1)must be made in accordance with criteria approved by the board, which may consider the policyholder's safety record and performance; and

(2)may be made only with the department's prior approval.

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Sec. 2054.254. CASH DIVIDENDS; CREDIT ON RENEWAL PREMIUM. (a) The company may pay a cash dividend or allow a credit on the renewal premium for a policyholder insured with the company, other than a policyholder insured under Subchapter H.
(b) Payment of a cash dividend or allowance of a credit:
(1) must be made in accordance with criteria approved by the board, which may consider the policyholder's safety record and performance; and
(2) may be made only with the department's prior approval.