Texas Statutes
§ 882.403 — CONTINGENCY RESERVE REQUIREMENTS.
Texas § 882.403
JurisdictionTexas
Code INInsurance Code
This text of Texas § 882.403 (CONTINGENCY RESERVE REQUIREMENTS.) 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. § 882.403 (2026).
Text
Sec. 882.403. CONTINGENCY RESERVE REQUIREMENTS.
(a)A mutual life insurance company's contingency reserve as authorized by this subchapter must be:
(1)invested as provided by law; and
(2)used only to pay death claims and dividends to policyholders.
(b)If the interest and earnings from the investment of a company's contingency reserve exceed the amount of reserve authorized by Section 882.401 or 882.402 , the company shall pay the excess amount to the policyholders of the company in the form of dividends as provided by law.
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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 § 882.403, Counsel Stack Legal Research, https://law.counselstack.com/statute/tx/IN/882.403.