Tex. Insurance Code § 1806.154
PROFIT SHARING AUTHORIZED
Texas · Texas Insurance Code · Status: effective
Cite this
- Citation
- Tex. Insurance Code § 1806.154, PROFIT SHARING AUTHORIZED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/683565
- Permanent ID
ys:prov:683565@1- SHA-256
34e27ad911327c2fa21b6abcf5403322a00ae9661cb52ea093f0d93a42730ab5
The hash is SHA-256 of this version's text, with every run of whitespace collapsed to a single space and the ends trimmed. The ID always leads back here, and checking it says whether the text you cited is still the current version.
Full text
(a) Section 1806.153 does not prohibit an insurer from sharing profits with the insurer's policyholders if:
(1) a profit sharing agreement is placed on or in the face of the policy;
(2) the profit sharing is uniform and does not discriminate among individuals or among classes; and
(3) the profit is not distributed to an insured before the expiration of the insurance policy.
(b) An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination.