Texas § 4152.209 PAYMENT OF INTERIM PROFITS.

Texas Statutes

§ 4152.209 — PAYMENT OF INTERIM PROFITS.

Texas § 4152.209

Code INInsurance Code

This text of Texas § 4152.209 (PAYMENT OF INTERIM 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. § 4152.209 (2026).

Text

Sec. 4152.209. PAYMENT OF INTERIM PROFITS. If a contract entered into under Section 4152.201 provides for the sharing of interim profits by the manager, interim profits may not be paid until:

(1)the first anniversary of the end of each underwriting period for property business, the fifth anniversary of the end of each underwriting period for casualty business, or the expiration of the period set by the executive director for those or other specified kinds of insurance; and

(2)the adequacy of reserves on remaining claims has been verified under Section 4152.213 .

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Sec. 4152.209. PAYMENT OF INTERIM PROFITS. If a contract entered into under Section 4152.201 provides for the sharing of interim profits by the manager, interim profits may not be paid until:
(1) the first anniversary of the end of each underwriting period for property business, the fifth anniversary of the end of each underwriting period for casualty business, or the expiration of the period set by the executive director for those or other specified kinds of insurance; and
(2) the adequacy of reserves on remaining claims has been verified under Section 4152.213 .