Texas Statutes
§ 404.051 — IMPAIRMENT PROHIBITED.
Texas § 404.051
JurisdictionTexas
Code INInsurance Code
This text of Texas § 404.051 (IMPAIRMENT PROHIBITED.) 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. § 404.051 (2026).
Text
Sec. 404.051. IMPAIRMENT PROHIBITED.
(a)The impairment of the capital stock of a stock insurance company is prohibited.
(b)Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:
(1)the surplus of a stock insurance company; or
(2)the minimum required aggregate surplus of a:
(A)mutual company;
(B)Lloyd's plan; or
(C)reciprocal or interinsurance exchange.
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Legislative History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.
Nearby Sections
9
§ 404.001
DEFINITION.§ 404.002
APPLICABILITY OF SUBCHAPTER.§ 404.003
ORDER TO REMEDY CONDITION.§ 404.006
AGREEMENT WITH ANOTHER JURISDICTION.§ 404.051
IMPAIRMENT PROHIBITED.§ 404.052
DETERMINATION OF IMPAIRMENT.§ 404.053
REMEDY FOR IMPAIRMENT.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 404.051, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/404.051.