Tex. Ins. Code § 825.103
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
After conversion, the converting company shall annually distribute among its policyholders, under terms approved by the commissioner, dividends or earnings accruing to the converting company as the result of the acquisition of shares of the converting company's stock under this chapter.
Tex. Ins. Code § 825.103