Insurance Code § 882.353
The department must approve a mutual life insurance company’s divisible-surplus allocation if it is fair to policyholders and complies with the chapter. If the department does not approve it, the department must revise the allocation and certify the revisions to the company.
- Jurisdiction
- United States — Texas
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- Code
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- Language
- en
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policyholder allocations surplus allocation approval
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Insurance Code § 882.353
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