Sec. 882.402.  EXCESS CONTINGENCY RESERVE.  (a)  The commissioner, for good cause shown, may issue an order authorizing a mutual life insurance company to maintain a contingency reserve that exceeds the amount of the reserve authorized by Section 882.401.
(b)  The order must state:
(1)  a period not exceeding one year during which the company may maintain the excess contingency reserve;  and
(2)  each reason for authorizing the excess contingency reserve.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.