Texas Insurance Code
§ 882.404 — ALLOCATION OF CONTINGENCY RESERVE TO UNENCUMBERED SURPLUS
IN § 882.404Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. I. CONTINGENCY RESERVE
Statute text
View on sourceIf 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.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.