Sec. 883.102. CHARTER AND CERTIFICATE OF AUTHORITY REQUIRED. A domestic mutual insurance company may not engage in the business of insurance until:
(1) the company obtains a charter as provided by Chapter 822; and
(2) the commissioner issues to the company a certificate of authority for that purpose.
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 E - Mutual and Fraternal Companies and Related Entities
Chapter 883 - Mutual Insurance Companies Other Than Mutual Life Insurance Companies
Subchapter C. Authority to Engage in Business in This State
Section 883.101. Mutual Insurance Business
Section 883.102. Charter and Certificate of Authority Required
Section 883.103. Authorization of Foreign Mutual Insurance Company to Engage in Business