Sec. 841.052. ARTICLES OF INCORPORATION. (a) Articles of incorporation of a proposed domestic insurance company must state:
(1) the name of the company;
(2) the location of the company's home office;
(3) the kinds of insurance business in which the company proposes to engage;
(4) the name and place of residence of each incorporator;
(5) the amount of the company's capital stock;
(6) the number of shares of the company's capital stock;
(7) the amount of the company's surplus; and
(8) the period of the company's duration, which may be perpetual.
(b) The incorporators of a domestic insurance company may include in the articles of incorporation other provisions that are not inconsistent with law.
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