Section 964.063 - Dividends and Distributions(a) A captive insurance company shall notify the commissioner in writing when issuing policyholder dividends or distributions to policyholders.(b) A captive insurance company, with the commissioner's approval, may issue dividends or distributions to the holders of an equity interest in the captive insurance company. The commissioner shall adopt rules to implement this subsection.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 1.14, eff. 6/15/2017.Amended by Acts 2017, Texas Acts of the 85th Leg. - Regular Session, ch. 1050,Sec. 1.13, eff. 6/15/2017.Amended by Acts 2015, Texas Acts of the 84th Leg. - Regular Session, ch. 469,Sec. 3, eff. 6/15/2015.Added by Acts 2013, 83rd Leg. - Regular Session, ch. 569,Sec. 2, eff. 6/14/2013.