HB 648, 43rd R.S.
Relating to providing that no dividend shall be paid to any policyholder in any other State until the same has been approved by the Board of Insurance Commissioners, and same shall not be approved until such company, exchange, or association has set up and maintained reserves adequate to meet anticipated losses, carry all claims to maturity, and policies to terminate upon workmen's compensation and employer's liability policies issued under the laws of Texas, or any other State, which reserves shall be computed in accordance with such uniform rules as shall be approved by the Board of Insurance Commissioners.
Author: James Franklin Lindsey
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