Tex. Insurance Code § 882.354
This is the official text of Tex. Insurance Code § 882.354, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
Not legal advice. This page reproduces the official text of a government statute for reference only. Laws change, and how a statute applies depends on your specific facts. For advice about your situation, consult a licensed attorney in your state.
§ 882.354. DIVIDEND PAYMENT METHOD.
Official statutory text
(a) A dividend declared by a mutual life insurance company under this subchapter shall be paid in:
(1) cash; or
(2) the equivalent of the dividend's cash value as provided by an option stated in the policy and selected by the policyholder.
(b) A policyholder shall notify the company in writing of an option selected by the policyholder under Subsection (a)(2).
(1) cash; or
(2) the equivalent of the dividend's cash value as provided by an option stated in the policy and selected by the policyholder.
(b) A policyholder shall notify the company in writing of an option selected by the policyholder under Subsection (a)(2).
Status: in_force · Read it on the official government site
Need a lawyer in Texas?
Find a Texas lawyer
About this page: Statute text is reproduced from official government publishers via the
Open US Law dataset
(Vaquill AI, snapshot v2026.08, CC BY 4.0). Primary legislative text like this is public domain under the government-edicts doctrine
(Georgia v. Public.Resource.Org, 2020). We link every section back to its official source so you can verify it independently.