Texas § IN.882.354 - DIVIDEND PAYMENT METHOD
Full text of Texas The Texas Constitution § IN.882.354 — DIVIDEND PAYMENT METHOD, with citation guidance and answers to common questions.
§ IN.882.354. DIVIDEND PAYMENT METHOD
DIVIDEND PAYMENT METHOD. (a) A dividend declared by a mutual life insurance company under this subchapter shall be paid in: (1) cash; or (2) the equivalent of the dividend's cash value as provided by an option stated in the policy and selected by the policyholder. (b) A policyholder shall notify the company in writing of an option selected by the policyholder under Subsection (a)(2). Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Frequently Asked Questions About Texas § IN.882.354
What does The Texas Constitution § IN.882.354 cover?
Section IN.882.354 ("DIVIDEND PAYMENT METHOD") 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.882.354?
A common citation format is "The Texas Constitution § IN.882.354" (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.882.354 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.