Texas § IN.1806.154 - PROFIT SHARING AUTHORIZED
Full text of Texas The Texas Constitution § IN.1806.154 — PROFIT SHARING AUTHORIZED, with citation guidance and answers to common questions.
§ IN.1806.154. PROFIT SHARING AUTHORIZED
PROFIT SHARING AUTHORIZED. (a) Section 1806.153 does not prohibit an insurer from sharing profits with the insurer's policyholders if: (1) a profit sharing agreement is placed on or in the face of the policy; (2) the profit sharing is uniform and does not discriminate among individuals or among classes; and (3) the profit is not distributed to an insured before the expiration of the insurance policy. (b) An insurer or an insurer's officer, director, agent, or other representative that violates this section has engaged in unjust discrimination. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 2, eff. April 1, 2007.
Frequently Asked Questions About Texas § IN.1806.154
What does The Texas Constitution § IN.1806.154 cover?
Section IN.1806.154 ("PROFIT SHARING AUTHORIZED") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.1806.154?
A common citation format is "The Texas Constitution § IN.1806.154" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.1806.154 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.