An industrial life insurance policy that is a participating policy must provide that the insurer shall annually determine and apportion any divisible surplus accruing on the policy.
Tex. Ins. Code § 1151.059
SURPLUS
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 2, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.