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Tex. Insurance Code § 882.403

CONTINGENCY RESERVE REQUIREMENTS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 882.403, CONTINGENCY RESERVE REQUIREMENTS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679864
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(a) A mutual life insurance company's contingency reserve as authorized by this subchapter must be: (1) invested as provided by law; and (2) used only to pay death claims and dividends to policyholders. (b) If the interest and earnings from the investment of a company's contingency reserve exceed the amount of reserve authorized by Section 882.401 or 882.402, the company shall pay the excess amount to the policyholders of the company in the form of dividends as provided by law.