Tex. Insurance Code § 841.253
This is the official text of Tex. Insurance Code § 841.253, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 841.253. LIFE INSURANCE COMPANY'S PAYMENT OF DIVIDENDS.
Official statutory text
(a) A life insurance company may declare or pay a dividend to its:
(1) policyholders only from the expense loading and profits made by the company; and
(2) shareholders only from the company's earned surplus, as defined by the commissioner.
(b) A life insurance company that is not showing a profit may pay a dividend on its participating policies from the expense loading on those policies.
(c) A life insurance company may not discriminate between policyholders in paying a dividend from the expense loading under this section.
(1) policyholders only from the expense loading and profits made by the company; and
(2) shareholders only from the company's earned surplus, as defined by the commissioner.
(b) A life insurance company that is not showing a profit may pay a dividend on its participating policies from the expense loading on those policies.
(c) A life insurance company may not discriminate between policyholders in paying a dividend from the expense loading under this section.
Status: in_force · Read it on the official government site
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