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.
The Legislative Archive System is a work in progress. Complete information is not available for all bills and all sessions. Visit the Legislative Archive System status page for details. Please contact the Legislative Reference Library at 512-463-1252 if you have any questions.
Information on this website is provided as a public service by the Legislative Reference Library. The Legislative Reference Library makes no representation as to its completeness or accuracy and makes no warranty in regard to its use. Users assume all risk of reliance on the information included on this site.