Sec. 941.351. CONVERSION AUTHORIZED. The underwriters may convert a Lloyd's plan to a capital stock insurance company governed by Chapter 822 by complying with this subchapter.
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 G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges
Subchapter H. Conversion to Capital Stock Insurance Company
Section 941.351. Conversion Authorized
Section 941.352. Adoption of Conversion Plan
Section 941.353. Requirements of Conversion Plan
Section 941.354. Commissioner Approval of Conversion Plan
Section 941.355. Conversion of Member of Holding Company System