Tex. Ins. Code Section 404.051
Impairment Prohibited


The impairment of the capital stock of a stock insurance company is prohibited.


Impairment of the following surpluses in excess of that provided by Section 404.053 (Remedy for Impairment) is prohibited:


the surplus of a stock insurance company; or


the minimum required aggregate surplus of a:


mutual company;


Lloyd’s plan; or


reciprocal or interinsurance exchange.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.

Source: Section 404.051 — Impairment Prohibited, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­404.­htm#404.­051 (accessed Nov. 25, 2023).

Nov. 25, 2023

§ 404.051’s source at texas​.gov