Texas § 841.253 LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS.

Texas Statutes

§ 841.253 — LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS.

Texas § 841.253

Code INInsurance Code

This text of Texas § 841.253 (LIFE INSURANCE COMPANY'S PAYMENT OF 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. § 841.253 (2026).

Text

Sec. 841.253. LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS.

(a)A life insurance company may declare or pay a dividend to its:

(1)policyholders only from the expense loading and profits made by the company; and

(2)shareholders only from the company's earned surplus, as defined by the commissioner.

(b)A life insurance company that is not showing a profit may pay a dividend on its participating policies from the expense loading on those policies.

(c)A life insurance company may not discriminate between policyholders in paying a dividend from the expense loading under this section.

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Sec. 841.253. LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS. (a) A life insurance company may declare or pay a dividend to its:
(1) policyholders only from the expense loading and profits made by the company; and
(2) shareholders only from the company's earned surplus, as defined by the commissioner.
(b) A life insurance company that is not showing a profit may pay a dividend on its participating policies from the expense loading on those policies.
(c) A life insurance company may not discriminate between policyholders in paying a dividend from the expense loading under this section.