Sec. 826.101. PLAN INFORMATION FILED WITH COMMISSIONER; COMMISSIONER POWERS AND DUTIES. Not later than the 90th day after the date on which a converting company's board of directors adopts a conversion plan, the company shall file with the commissioner:
(1) a copy of the documents relating to the conversion plan, including the valuation required by Section 826.054(a);
(2) the form of notice required by Section 826.104;
(3) the form of proxy to be solicited from eligible members under Section 826.107(a);
(4) the form of notice required by Section 826.151 to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan;
(5) the proposed amended or restated articles of incorporation of the resulting company;
(6) a statement regarding acquisition of control, if applicable, as required by Chapter 823; and
(7) any other information requested by the commissioner.
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 C. Adoption of Conversion Plan
Section 826.101. Plan Information Filed With Commissioner; Commissioner Powers and Duties
Section 826.102. Approval of Plan by Commissioner
Section 826.103. Amendments; Withdrawal of Plan
Section 826.104. Notice to Eligible Members; Comments
Section 826.105. Substantial Compliance With Notice Requirements
Section 826.106. Insolvent Converting Company; Notice Requirements