Sec. 826.002. AUTHORITY TO CONVERT TO STOCK INSURANCE COMPANY. (a) A mutual insurance company may convert to a stock insurance company.
(b) A converting company may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 826 - Conversion of Mutual Insurance Company to Stock Insurance Company
Subchapter A. General Provisions
Section 826.002. Authority to Convert to Stock Insurance Company
Section 826.003. Rights and Privileges of Resulting Company; Laws Applicable