Sec. 841.059. ACTION BY COMMISSIONER AND DEPARTMENT AFTER FILING.
(a) After the charter fee is paid and all items required for a charter under Section 841.058 are filed with the department, the department shall make or cause to be made a full and thorough examination of the domestic insurance company.
(b) The domestic insurance company shall pay for the examination under Subsection (a)(2).
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 8, eff. June 19, 2009.
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