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Tex. Insurance Code § 882.402

EXCESS CONTINGENCY RESERVE

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 882.402, EXCESS CONTINGENCY RESERVE, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679863
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(a) The commissioner, for good cause shown, may issue an order authorizing a mutual life insurance company to maintain a contingency reserve that exceeds the amount of the reserve authorized by Section 882.401. (b) The order must state: (1) a period not exceeding one year during which the company may maintain the excess contingency reserve; and (2) each reason for authorizing the excess contingency reserve.