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2021 Texas Statutes
Insurance Code
Title 4 - Regulation of Solvency
Subtitle A - General Provisions
Chapter 403 - Dividends
Subchapter B. Estimate of Profits
Section 403.051. Estimate of Profits
Universal Citation: TX Ins Code § 403.051 (2021)
Sec. 403.051. ESTIMATE OF PROFITS. An insurer organized under the laws of this state may not include the following in the estimate of the insurer's profits for the purpose of paying dividends under Section 403.001:
(1) the reserve on all unexpired risks computed in the manner provided by this code;
(2) the amount of all unpaid losses, whether adjusted or unadjusted; and
(3) all other debts due and payable, or to become due and payable, by the insurer.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.
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