Texas Statutes
§ 882.402 — EXCESS CONTINGENCY RESERVE.
Texas § 882.402
JurisdictionTexas
Code INInsurance Code
This text of Texas § 882.402 (EXCESS CONTINGENCY RESERVE.) 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. § 882.402 (2026).
Text
Sec. 882.402. EXCESS CONTINGENCY RESERVE.
(a)The commissioner, for good cause shown, may issue an order authorizing a mutual life insurance company to maintain a contingency reserve that exceeds the amount of the reserve authorized by Section 882.401 .
(b)The order must state:
(1)a period not exceeding one year during which the company may maintain the excess contingency reserve; and
(2)each reason for authorizing the excess contingency reserve.
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Legislative History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Nearby Sections
15
§ 882.002
EXAMINATION OF COMPANY.§ 882.003
ANNUAL STATEMENT.§ 882.051
AUTHORITY TO FORM COMPANY; PURPOSE.§ 882.053
COMPANY'S NAME.§ 882.054
INITIAL BOARD OF DIRECTORS; TERM.§ 882.055
UNENCUMBERED SURPLUS REQUIREMENTS.§ 882.056
APPLICATION FOR CHARTER.§ 882.057
APPLICATION PROCESS.§ 882.058
ACTION ON APPLICATION.§ 882.059
EXAMINATION AFTER DETERMINATION.§ 882.151
BOARD OF DIRECTORS.§ 882.152
ADOPTION OF INITIAL BYLAWS.Cite This Page — Counsel Stack
Bluebook (online)
Texas § 882.402, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/882.402.