Sec. 841.051. FORMATION OF COMPANY. (a) Three or more residents of this state may form:
(1) a life insurance company;
(2) an accident insurance company;
(3) a life and accident insurance company;
(4) a health and accident insurance company; or
(5) a life, health, and accident insurance company.
(b) To form a domestic insurance company:
(1) each incorporator must sign and acknowledge the articles of incorporation of the company; and
(2) the incorporators must file the articles of incorporation with the department.
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 C - Life, Health, and Accident Insurers and Related Entities
Chapter 841 - Life, Health, or Accident Insurance Companies
Subchapter B. Formation and Structure of Domestic Companies
Section 841.051. Formation of Company
Section 841.052. Articles of Incorporation
Section 841.054. Capital Stock and Surplus Requirements
Section 841.055. Shares of Stock
Section 841.056. Requirements for Shares of Stock With Par Value
Section 841.057. Requirements for Shares of Stock Without Par Value
Section 841.058. Application for Charter
Section 841.059. Action by Commissioner and Department After Filing
Section 841.061. Action on Application