Texas § 882.306 IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.

Texas Statutes

§ 882.306 — IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.

Texas § 882.306

Code INInsurance Code

This text of Texas § 882.306 (IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.) 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. § 882.306 (2026).

Text

Sec. 882.306. IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER.

(a)If one-half or more of a mutual life insurance company's unencumbered surplus as required by Section 882.301 is impaired, the commissioner may apply to a court for the appointment of a receiver to wind up the affairs of the company.

(b)In determining whether a company's surplus is impaired, the company shall compute its reserve liability in the manner provided by state law. SUBCHAPTER H. DIVIDENDS

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Sec. 882.306. IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER. (a) If one-half or more of a mutual life insurance company's unencumbered surplus as required by Section 882.301 is impaired, the commissioner may apply to a court for the appointment of a receiver to wind up the affairs of the company.
(b) In determining whether a company's surplus is impaired, the company shall compute its reserve liability in the manner provided by state law.
SUBCHAPTER H. DIVIDENDS