Texas § IN.882.301 - AMOUNT OF UNENCUMBERED SURPLUS

Full text of Texas The Texas Constitution § IN.882.301 — AMOUNT OF UNENCUMBERED SURPLUS, with citation guidance and answers to common questions.

§ IN.882.301. AMOUNT OF UNENCUMBERED SURPLUS

AMOUNT OF UNENCUMBERED SURPLUS. (a) A mutual life insurance company that engages in the business of insurance in this state shall maintain an unencumbered surplus of at least $100,000 that consists of cash or classes of investment as provided by Section 882.055 . (b) Except as otherwise authorized by this code, a company that does not maintain an unencumbered surplus as required by this section may not write new insurance. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

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

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Frequently Asked Questions About Texas § IN.882.301

What does The Texas Constitution § IN.882.301 cover?

Section IN.882.301 ("AMOUNT OF UNENCUMBERED SURPLUS") 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.882.301?

A common citation format is "The Texas Constitution § IN.882.301" (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.

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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.

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