Tex. Ins. Code § 882.404

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 882.404 - Allocation of Contingency Reserve to Unencumbered Surplus

If a mutual life insurance company's unencumbered surplus is less than $100,000, the company may allocate any part of the company's contingency reserve to the company's unencumbered surplus.

Tex. Ins. Code § 882.404

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.