Sec. 887.451. AUTHORIZATION TO CONVERT OR REINSURE. Subject to the requirements of this subchapter, an association may convert or reinsure itself to a legal reserve insurance company operating under Chapter 882.
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 887 - Provisions Applicable to Certain Mutual Assessment Companies
Subchapter J. Conversion to Legal Reserve Insurance Company
Section 887.451. Authorization to Convert or Reinsure
Section 887.452. Proposal for Conversion or Reinsurance
Section 887.454. Members Meeting; Procedures
Section 887.455. Completion and Legal Effect of Conversion or Reinsurance
Section 887.456. Continuing Obligations of Converted or Reinsured Association