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Tex. Insurance Code § 964.063

DIVIDENDS AND DISTRIBUTIONS

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 964.063, DIVIDENDS AND DISTRIBUTIONS, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/680602
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(a) A captive insurance company shall notify the commissioner in writing when issuing policyholder dividends or distributions to policyholders. (b) A captive insurance company, with the commissioner's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The commissioner shall adopt rules to implement this subsection.