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Texas Insurance Code - Section 404.051. Impairment Prohibited

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§ 404.051. IMPAIRMENT PROHIBITED.  (a) The impairment of 
the capital stock of a stock insurance company is prohibited.
	(b)  Impairment of the following surpluses in excess of that 
provided by Section 404.053 is prohibited:
		(1)  the surplus of a stock insurance company;  or                            
		(2)  the minimum required aggregate surplus of a:                             
			(A)  mutual company;                                                         
			(B)  Lloyd's plan;  or                                                       
			(C)  reciprocal or interinsurance exchange.                                  

Added by Acts 2005, 79th Leg., ch. 727, § 1, eff. April 1, 2007.           

Last modified: August 10, 2007