Texas § IN.403.051 - ESTIMATE OF PROFITS

Full text of Texas The Texas Constitution § IN.403.051 — ESTIMATE OF PROFITS, with citation guidance and answers to common questions.

§ IN.403.051. ESTIMATE OF PROFITS

ESTIMATE OF PROFITS. An insurer organized under the laws of this state may not include the following in the estimate of the insurer's profits for the purpose of paying dividends under Section 403.001 : (1) the reserve on all unexpired risks computed in the manner provided by this code; (2) the amount of all unpaid losses, whether adjusted or unadjusted; and (3) all other debts due and payable, or to become due and payable, by the insurer. Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017 ), Sec. 1, eff. April 1, 2007.

Source: official Texas text · Last verified 2026-08-27

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Frequently Asked Questions About Texas § IN.403.051

What does The Texas Constitution § IN.403.051 cover?

Section IN.403.051 ("ESTIMATE OF PROFITS") 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.403.051?

A common citation format is "The Texas Constitution § IN.403.051" (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.403.051 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.