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Tex. Insurance Code § 403.001

LIMITATION ON DIVIDENDS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 403.001, LIMITATION ON DIVIDENDS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/677366
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An insurer organized under the laws of this state, including a life, health, fire, marine, or inland marine insurance company, may not pay a shareholder dividend except from surplus profits arising from the insurer's business.