Texas Statutes
§ 403.001 — LIMITATION ON DIVIDENDS.
Texas § 403.001
JurisdictionTexas
Code INInsurance Code
This text of Texas § 403.001 (LIMITATION ON DIVIDENDS.) 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. § 403.001 (2026).
Text
Sec. 403.001. LIMITATION ON DIVIDENDS. An insurer organized under the laws of this state, including a life, health, fire, marine, or inland marine insurance company, may not pay a shareholder dividend except from surplus profits arising from the insurer's business.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Amended by:
Acts 2013, 83rd Leg., R.S., Ch. 463 (S.B. 1006 ), Sec. 1, eff. June 14, 2013.
Nearby Sections
7
§ 403.001
LIMITATION ON DIVIDENDS.§ 403.051
ESTIMATE OF PROFITS.§ 403.053
ACQUIRED EARNED SURPLUS.§ 403.101
PENALTIES.§ 403.102
PENALTIES FOR CERTAIN INSURERS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 403.001, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/403.001.