Texas Administrative Code
Title 28 - INSURANCE
Part 1 - TEXAS DEPARTMENT OF INSURANCE
Chapter 5 - PROPERTY AND CASUALTY INSURANCE
Subchapter B - INSURANCE CODE, CHAPTER 5, SUBCHAPTER B
Division 1 - DIVIDEND PROCEDURES
Section 5.1101 - Permissible Dividend Classes, the Insurance Code, Chapter 5, Subchapter B
Universal Citation: 28 TX Admin Code § 5.1101
Current through Reg. 50, No. 13; March 28, 2025
The permissible classes for the payment of dividends for the lines of insurance regulated under the Insurance Code, Chapter 5, Subchapter B, are the same as the duly approved rating classifications for those lines of insurance. No insurer may declare or pay any dividend on any line of insurance regulated under the Insurance Code, Chapter 5, Subchapter B, unless the dividend is declared and paid on a class which is the same as one of the approved rating classifications for that line of insurance.
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