Texas § IN.882.352 - ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS
Full text of Texas The Texas Constitution § IN.882.352 — ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS, with citation guidance and answers to common questions.
§ IN.882.352. ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS
ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS; REPORT TO COMMISSIONER. (a) On December 31 of each year, or as soon after as practicable, each mutual life insurance company shall determine the amount of surplus earned by the company during that year. (b) Not later than the end of the second year in which a policy issued by the company is in effect, the company shall provide to the policyholder: (1) an annual accounting of the company's divisible surplus; and (2) if all premiums due on the policy have been paid for at least two years, a fair allocation of the company's divisible surplus that remains after deducting: (A) any amount approved by the commissioner for retirement of any unpaid loans made under Section 882.253 ; (B) the company's contingency reserve; and (C) any earned surplus the company allocated to unencumbered surplus as provided by this chapter. (c) The company shall immediately submit to the commissioner a detailed report of an allocation of divisible surplus made under this section. The president or secretary of the company shall sign the report under oath. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.882.352
What does The Texas Constitution § IN.882.352 cover?
Section IN.882.352 ("ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE 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.882.352?
A common citation format is "The Texas Constitution § IN.882.352" (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.882.352 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.