DIVIDENDS.

Tex. INS Code § 861.154.
in effect
Sign in to generate a plain English summaryAsk Belisarius Agent
Except as authorized by Sections 403.001 and 403.051 , the directors of a general casualty company may not issue dividends. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

Starting a business in Texas? Texas LLC guide: costs and requirements