Texas § 403.051 ESTIMATE OF PROFITS.

Texas Statutes

§ 403.051 — ESTIMATE OF PROFITS.

Texas § 403.051

Code INInsurance Code

This text of Texas § 403.051 (ESTIMATE OF PROFITS.) 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. § 403.051 (2026).

Text

Sec. 403.051. ESTIMATE OF PROFITS. An insurer organized under the laws of this state may not include the following in the estimate of the insurer's profits for the purpose of paying dividends under Section 403.001 :

(1)the reserve on all unexpired risks computed in the manner provided by this code;

(2)the amount of all unpaid losses, whether adjusted or unadjusted; and

(3)all other debts due and payable, or to become due and payable, by the insurer.

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Sec. 403.051. ESTIMATE OF PROFITS. An insurer organized under the laws of this state may not include the following in the estimate of the insurer's profits for the purpose of paying dividends under Section 403.001 :
(1) the reserve on all unexpired risks computed in the manner provided by this code;
(2) the amount of all unpaid losses, whether adjusted or unadjusted; and
(3) all other debts due and payable, or to become due and payable, by the insurer.