1. (a) The impairment of the capital stock of a stock insurance company is prohibited.

2. (b) Impairment of the following surpluses in excess of that provided by Section 404.053 is prohibited:

   1. (1) the surplus of a stock insurance company; or

   2. (2) the minimum required aggregate surplus of a:

      1. (A) mutual company;
      2. (B) Lloyd's plan; or
      3. (C) reciprocal or interinsurance exchange.

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.