Sec. 882.304. INVESTMENT OF EXCESS UNENCUMBERED SURPLUS. A mutual life insurance company that is granted a charter under this chapter may invest that part of the company's unencumbered surplus that exceeds $100,000 as provided by this code for companies operating under Chapter 841.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 882 - Mutual Life Insurance Companies
Subchapter G. Unencumbered Surplus Requirements
Section 882.301. Amount of Unencumbered Surplus
Section 882.302. Exemption for Certain Companies
Section 882.303. Unencumbered Surplus Less Than $25,000
Section 882.304. Investment of Excess Unencumbered Surplus
Section 882.305. Impairment of Unencumbered Surplus
Section 882.306. Impairment of Unencumbered Surplus; Appointment of Receiver