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Subchapter A. General Provisions
Section 884.001. Definition - Sec. 884.001. DEFINITION. In this chapter, "stipulated premium company" means...
Section 884.002. Applicability of Other Law to Company - Sec. 884.002. APPLICABILITY OF OTHER LAW TO COMPANY. (a) Except...
Section 884.003. Admitted Assets - Sec. 884.003. ADMITTED ASSETS. A stipulated premium insurer may include...
Subchapter B. Formation and Structure of Stipulated Premium Insurance Company
Section 884.051. Formation of Company - Sec. 884.051. FORMATION OF COMPANY. (a) Five or more, but...
Section 884.052. Articles of Incorporation - Sec. 884.052. ARTICLES OF INCORPORATION. (a) Articles of incorporation of...
Section 884.053. Company's Name - Sec. 884.053. COMPANY'S NAME. (a) The name of a stipulated...
Section 884.054. Capital Stock and Surplus Requirements - Sec. 884.054. CAPITAL STOCK AND SURPLUS REQUIREMENTS. (a) A proposed...
Section 884.055. Shares of Stock - Sec. 884.055. SHARES OF STOCK. (a) The shares of stock...
Section 884.056. Application for Charter - Sec. 884.056. APPLICATION FOR CHARTER. (a) To obtain a charter...
Section 884.057. Action by Commissioner and Department After Filing - Sec. 884.057. ACTION BY COMMISSIONER AND DEPARTMENT AFTER FILING. (a)...
Section 884.058. Examination After Determination - Sec. 884.058. EXAMINATION AFTER DETERMINATION. After making a determination on...
Section 884.059. Action on Application - Sec. 884.059. ACTION ON APPLICATION. (a) In considering the application,...
Section 884.060. Beginning of Corporate Existence - Sec. 884.060. BEGINNING OF CORPORATE EXISTENCE. On receipt of the...
Section 884.061. Organizational Meeting - Sec. 884.061. ORGANIZATIONAL MEETING. (a) After receipt of the certified...
Subchapter C. Authority to Engage in Business
Section 884.101. Schedule of Assets - Sec. 884.101. SCHEDULE OF ASSETS. Two or more officers of...
Section 884.102. Temporary Certificate of Authority - Sec. 884.102. TEMPORARY CERTIFICATE OF AUTHORITY. (a) If the commissioner...
Section 884.103. Regular Certificate of Authority - Sec. 884.103. REGULAR CERTIFICATE OF AUTHORITY. (a) If a direct...
Subchapter D. Management of Stipulated Premium Company
Section 884.151. Conducting Shareholders' Meeting - Sec. 884.151. CONDUCTING SHAREHOLDERS' MEETING. (a) At a meeting of...
Section 884.153. Election of Directors - Sec. 884.153. ELECTION OF DIRECTORS. (a) On the second Tuesday...
Section 884.154. Officers - Sec. 884.154. OFFICERS. (a) A stipulated premium company's directors shall...
Section 884.155. Amendment of Charter or Articles - Sec. 884.155. AMENDMENT OF CHARTER OR ARTICLES. (a) The shareholders...
Subchapter E. Capital and Surplus
Section 884.201. Form of Capital and Surplus - Sec. 884.201. FORM OF CAPITAL AND SURPLUS. After a charter...
Section 884.202. Increase or Decrease of Capital Stock - Sec. 884.202. INCREASE OR DECREASE OF CAPITAL STOCK. (a) At...
Section 884.203. Public Offering of Capital Stock - Sec. 884.203. PUBLIC OFFERING OF CAPITAL STOCK. A stipulated premium...
Section 884.204. Company's Repurchase of Stock - Sec. 884.204. COMPANY'S REPURCHASE OF STOCK. (a) Subject to Section...
Section 884.205. Impairment of Capital Stock - Sec. 884.205. IMPAIRMENT OF CAPITAL STOCK. (a) If, when computing...
Section 884.206. Commissioner May Require Larger Capital and Surplus Amounts - Sec. 884.206. COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS....
Section 884.207. New Business Prohibited When Capital Requirements Not Satisfied - Sec. 884.207. NEW BUSINESS PROHIBITED WHEN CAPITAL REQUIREMENTS NOT SATISFIED....
Subchapter F. General Powers and Duties of Stipulated Premium Company
Section 884.251. Deposit of Company's Funds - Sec. 884.251. DEPOSIT OF COMPANY'S FUNDS. (a) A director, member...
Section 884.252. Payments to Officers, Directors, and Employees - Sec. 884.252. PAYMENTS TO OFFICERS, DIRECTORS, AND EMPLOYEES. (a) Unless...
Section 884.253. Dividends - Sec. 884.253. DIVIDENDS. (a) A stipulated premium company may declare...
Section 884.254. Transfer of Stock - Sec. 884.254. TRANSFER OF STOCK. (a) A stipulated premium company's...
Section 884.255. Use of Certain Terms in Advertising - Sec. 884.255. USE OF CERTAIN TERMS IN ADVERTISING. A stipulated...
Section 884.256. Annual Statement; Filing Fee - Sec. 884.256. ANNUAL STATEMENT; FILING FEE. (a) Except as provided...
Subchapter G. Powers and Duties Relating to Coverages
Section 884.301. Reinsurance of Policy - Sec. 884.301. REINSURANCE OF POLICY. (a) A stipulated premium company...
Section 884.302. Limits on Life Insurance - Sec. 884.302. LIMITS ON LIFE INSURANCE. (a) Until the amount...
Section 884.303. Issuance of Life Insurance Policies by Certain Companies - Sec. 884.303. ISSUANCE OF LIFE INSURANCE POLICIES BY CERTAIN COMPANIES....
Section 884.304. Life Insurance of More Than $25,000 - Sec. 884.304. LIFE INSURANCE OF MORE THAN $25,000.(a) Except as...
Section 884.305. Premiums on Life Insurance Policies - Sec. 884.305. PREMIUMS ON LIFE INSURANCE POLICIES. The premiums charged...
Section 884.306. Life Insurance Contract - Sec. 884.306. LIFE INSURANCE CONTRACT. A life insurance policy issued...
Section 884.307. Issuance of Annuity Contract - Sec. 884.307. ISSUANCE OF ANNUITY CONTRACT. (a) A stipulated premium...
Section 884.308. Limits on Amount of Accident and Health Insurance Policies - Sec. 884.308. LIMITS ON AMOUNT OF ACCIDENT AND HEALTH INSURANCE...
Section 884.309. Adjustment of Premiums - Sec. 884.309. ADJUSTMENT OF PREMIUMS. (a) The board of directors...
Section 884.310. Agent - Sec. 884.310. AGENT. Each agent of a stipulated premium company...
Section 884.311. Law Governing Investments; Election - Sec. 884.311. LAW GOVERNING INVESTMENTS; ELECTION. (a) A stipulated premium...
Subchapter H. Contents of Applications and Policies
Section 884.351. General Requirements for Policy and Application Forms - Sec. 884.351. GENERAL REQUIREMENTS FOR POLICY AND APPLICATION FORMS. (a)...
Section 884.352. Requirements for Accident, Health, and Hospitalization Insurance Policies - Sec. 884.352. REQUIREMENTS FOR ACCIDENT, HEALTH, AND HOSPITALIZATION INSURANCE POLICIES....
Section 884.353. Life Insurance Application Forms - Sec. 884.353. LIFE INSURANCE APPLICATION FORMS. (a) An application for...
Section 884.354. Life Insurance Policy Forms; Incontestability - Sec. 884.354. LIFE INSURANCE POLICY FORMS; INCONTESTABILITY. (a) Each life...
Section 884.355. Designation of Beneficiaries - Sec. 884.355. DESIGNATION OF BENEFICIARIES. The designation of a beneficiary...
Section 884.356. Life Insurance Benefit Reductions or Increases - Sec. 884.356. LIFE INSURANCE BENEFIT REDUCTIONS OR INCREASES. (a) A...
Section 884.357. Form Approval - Sec. 884.357. FORM APPROVAL. The approval of a form of...
Subchapter I. Authority to Issue Other Coverage
Section 884.401. Authority Cumulative - Sec. 884.401. AUTHORITY CUMULATIVE. The authority provided by this subchapter...
Section 884.402. Additional Coverage - Sec. 884.402. ADDITIONAL COVERAGE. A stipulated premium company that, at...
Section 884.403. Policy Requirements - Sec. 884.403. POLICY REQUIREMENTS. (a) A policy issued under Section...
Section 884.404. Capital and Surplus Requirements - Sec. 884.404. CAPITAL AND SURPLUS REQUIREMENTS. (a) A stipulated premium...
Section 884.405. Agent; License - Sec. 884.405. AGENT; LICENSE. (a) An agent may not solicit...
Section 884.406. Annual Statement - Sec. 884.406. ANNUAL STATEMENT. A stipulated premium company that issues...
Section 884.407. Relationship of Subchapter to Other Provisions of Chapter - Sec. 884.407. RELATIONSHIP OF SUBCHAPTER TO OTHER PROVISIONS OF CHAPTER....
Section 884.408. Implementation of Subchapter - Sec. 884.408. IMPLEMENTATION OF SUBCHAPTER. The commissioner shall adopt reasonable...
Subchapter J. Reserves
Section 884.451. Reserves on Individual and Group Life Insurance Policies - Sec. 884.451. RESERVES ON INDIVIDUAL AND GROUP LIFE INSURANCE POLICIES....
Section 884.452. Reserves on Accident and Health Insurance Policies - Sec. 884.452. RESERVES ON ACCIDENT AND HEALTH INSURANCE POLICIES. A...
Section 884.453. Deficiency Reserve - Sec. 884.453. DEFICIENCY RESERVE. (a) On the effective date of...
Section 884.454. Commissioner's Computation of Reserve Liability - Sec. 884.454. COMMISSIONER'S COMPUTATION OF RESERVE LIABILITY. (a) As soon...
Section 884.455. Required Securities - Sec. 884.455. REQUIRED SECURITIES. The commissioner shall require that a...
Section 884.456. Increase of Reserves - Sec. 884.456. INCREASE OF RESERVES. (a) If a stipulated premium...
Subchapter K. Direct Reinsurance Agreements
Section 884.501. Direct Reinsurance Agreements Between Stipulated Premium Companies - Sec. 884.501. DIRECT REINSURANCE AGREEMENTS BETWEEN STIPULATED PREMIUM COMPANIES. (a)...
Section 884.502. Direct Reinsurance Agreement With Legal Reserve Company - Sec. 884.502. DIRECT REINSURANCE AGREEMENT WITH LEGAL RESERVE COMPANY. (a)...
Section 884.503. Direct Reinsurance of Accident or Health Insurance Policies - Sec. 884.503. DIRECT REINSURANCE OF ACCIDENT OR HEALTH INSURANCE POLICIES....
Section 884.504. Direct Reinsurance of Certain Policies - Sec. 884.504. DIRECT REINSURANCE OF CERTAIN POLICIES. (a) A reinsurance...
Section 884.505. Effect of Total Direct Reinsurance Agreement - Sec. 884.505. EFFECT OF TOTAL DIRECT REINSURANCE AGREEMENT. (a) A...
Section 884.506. Assumption Certificate - Sec. 884.506. ASSUMPTION CERTIFICATE. The company assuming a policy under...
Subchapter L. Direct Reinsurance Agreements With Mutual Assessment Companies
Section 884.551. Definitions - Sec. 884.551. DEFINITIONS. In this subchapter: (1) "Mutual assessment company"...
Section 884.552. Authority to Contract - Sec. 884.552. AUTHORITY TO CONTRACT. A mutual assessment company may...
Section 884.553. Reinsurance Agreement - Sec. 884.553. REINSURANCE AGREEMENT. (a) A reinsurance agreement under this...
Section 884.554. Approval by Department - Sec. 884.554. APPROVAL BY DEPARTMENT. (a) A mutual assessment company's...
Section 884.555. Members Meeting; Notice - Sec. 884.555. MEMBERS MEETING; NOTICE. (a) After the department approves...
Section 884.556. Members Meeting; Procedures - Sec. 884.556. MEMBERS MEETING; PROCEDURES. (a) In a meeting called...
Section 884.557. Submission of Meeting Facts to Department - Sec. 884.557. SUBMISSION OF MEETING FACTS TO DEPARTMENT. Not later...
Section 884.558. Effective Date of Agreement - Sec. 884.558. EFFECTIVE DATE OF AGREEMENT. A direct reinsurance agreement...
Section 884.559. Action After Agreement Ratification - Sec. 884.559. ACTION AFTER AGREEMENT RATIFICATION. (a) After ratification of...
Section 884.560. Assumption Certificate - Sec. 884.560. ASSUMPTION CERTIFICATE. Immediately after ratification of the reinsurance...
Section 884.561. Adjustment of Life Insurance Premiums - Sec. 884.561. ADJUSTMENT OF LIFE INSURANCE PREMIUMS. (a) If the...
Section 884.562. Approval of Rate Adjustment - Sec. 884.562. APPROVAL OF RATE ADJUSTMENT. A stipulated premium company...
Subchapter M. Conversion to Legal Reserve Company
Section 884.601. Authorization to Convert - Sec. 884.601. AUTHORIZATION TO CONVERT. (a) The shareholders of a...
Section 884.602. Assumption Certificate - Sec. 884.602. ASSUMPTION CERTIFICATE. (a) Not later than the 30th...
Section 884.603. Exemption From Capital and Surplus Requirements - Sec. 884.603. EXEMPTION FROM CAPITAL AND SURPLUS REQUIREMENTS. (a) A...
Subchapter O. General Financial Regulation
Section 884.701. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation - Sec. 884.701. HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION. Subchapter...