<<Prev Rule

Texas Administrative Code

Next Rule>>
TITLE 28INSURANCE
PART 1TEXAS DEPARTMENT OF INSURANCE
CHAPTER 5PROPERTY AND CASUALTY INSURANCE
SUBCHAPTER BINSURANCE CODE, CHAPTER 5, SUBCHAPTER B
DIVISION 1DIVIDEND PROCEDURES
RULE §5.1101Permissible Dividend Classes, the Insurance Code, Chapter 5, Subchapter B

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.


Source Note: The provisions of this §5.1101 adopted to be effective October 28, 1983, 8 TexReg 4187.

Link to Texas Secretary of State Home Page | link to Texas Register home page | link to Texas Administrative Code home page | link to Open Meetings home page