A mutual life insurance company that was authorized and engaged in the business of
insurance in this state before May 1, 1955, is not required to increase the amount
or convert the class or form of the company's existing unencumbered surplus to comply
with Section 882.301 and may not be prohibited from writing new insurance because the company does not
maintain an unencumbered surplus as required by that section if the company complies
with all other laws.
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