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Texas Insurance Code - INS § 403.051. Estimate of Profits

Current as of January 01, 2024 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 403.051. Estimate of Profits - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-403-051/

FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.

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