Sec. 882.454.  LIMITATION ON AMOUNT OF POLICY VALUE FOR CERTAIN COMPANIES.  If the total amount of a mutual life insurance company's insurance in force is less than $10 million, the company may not issue a policy that, after deducting any reinsurance, binds the company for more than $5,000 on a single life.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.