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SB 404, 43rd R.S.
Relating to providing that no dividend shall be paid to any policy-holder in any other state until 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 termination 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: George Clark Purl

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