Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities

Section 822.003. Effect on Transactions Between Insurance Companies and Others - Sec. 822.003. EFFECT ON TRANSACTIONS BETWEEN INSURANCE COMPANIES AND OTHERS....

Subchapter B. Formation and Structure of Company

Section 822.051. Formation of Company - Sec. 822.051. FORMATION OF COMPANY. (a) Any number of persons...

Section 822.052. Articles of Incorporation - Sec. 822.052. ARTICLES OF INCORPORATION. Articles of incorporation of a...

Section 822.053. Company's Name - Sec. 822.053. COMPANY'S NAME. An insurance company's name may not...

Section 822.054. Capital Stock and Surplus Requirements - Sec. 822.054. CAPITAL STOCK AND SURPLUS REQUIREMENTS. (a) An insurance...

Section 822.055. Shares of Stock With Par Value - Sec. 822.055. SHARES OF STOCK WITH PAR VALUE. (a) An...

Section 822.056. Shares of Stock Without Par Value - Sec. 822.056. SHARES OF STOCK WITHOUT PAR VALUE. (a) An...

Section 822.057. Application for Charter - Sec. 822.057. APPLICATION FOR CHARTER. (a) To obtain a charter...

Section 822.058. Action by Commissioner After Filing of Application for Charter - Sec. 822.058. ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR...

Section 822.060. Action on Application - Sec. 822.060. ACTION ON APPLICATION. (a) In considering the application,...

Section 822.061. Issuance of Charter - Sec. 822.061. ISSUANCE OF CHARTER. (a) On receipt of a...

Subchapter C. Authority to Engage in Business in This State

Section 822.101. Certificate of Authority - Sec. 822.101. CERTIFICATE OF AUTHORITY. When the articles of incorporation...

Subchapter D. Management of Company

Section 822.151. Conducting Shareholders Meeting - Sec. 822.151. CONDUCTING SHAREHOLDERS MEETING. (a) Except as otherwise provided...

Section 822.152. Board of Directors - Sec. 822.152. BOARD OF DIRECTORS. (a) An insurance company organized...

Section 822.153. Election of Directors - Sec. 822.153. ELECTION OF DIRECTORS. (a) Not later than the...

Section 822.154. Officers - Sec. 822.154. OFFICERS. (a) An insurance company's directors shall choose...

Section 822.155. Application for Amendment of Charter - Sec. 822.155. APPLICATION FOR AMENDMENT OF CHARTER. A domestic insurance...

Section 822.156. Certificate Required for Amendment of Charter to Authorize Shares Without Par Value - Sec. 822.156. CERTIFICATE REQUIRED FOR AMENDMENT OF CHARTER TO AUTHORIZE...

Section 822.157. Action by Commissioner After Filing of Application for Charter Amendment - Sec. 822.157. ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR...

Section 822.158. Determination on Application for Charter Amendment - Sec. 822.158. DETERMINATION ON APPLICATION FOR CHARTER AMENDMENT. (a) Not...

Subchapter E. Capital, Surplus, and Guaranty Fund Requirements

Section 822.201. Applicability of Capital and Surplus Requirements - Sec. 822.201. APPLICABILITY OF CAPITAL AND SURPLUS REQUIREMENTS. The capital...

Section 822.202. Full Coverage Automobile Insurance; Determination of Amounts - Sec. 822.202. FULL COVERAGE AUTOMOBILE INSURANCE; DETERMINATION OF AMOUNTS. Full...

Section 822.203. Capital Required Generally - Sec. 822.203. CAPITAL REQUIRED GENERALLY. To engage in the kinds...

Section 822.204. Form of Capital and Surplus - Sec. 822.204. FORM OF CAPITAL AND SURPLUS. (a) After incorporation...

Section 822.205. Unencumbered Surplus or Guaranty Fund Requirements for Certain Insurance Companies - Sec. 822.205. UNENCUMBERED SURPLUS OR GUARANTY FUND REQUIREMENTS FOR CERTAIN...

Section 822.206. Repurchase of Capital Stock by Tender Offer or Private Transaction - Sec. 822.206. REPURCHASE OF CAPITAL STOCK BY TENDER OFFER OR...

Section 822.207. Repurchase of Capital Stock on Open Market - Sec. 822.207. REPURCHASE OF CAPITAL STOCK ON OPEN MARKET. (a)...

Section 822.208. Application for Repurchase of Company's Shares Subject to Other Law - Sec. 822.208. APPLICATION FOR REPURCHASE OF COMPANY'S SHARES SUBJECT TO...

Section 822.209. Reinvestment of Capital Stock - Sec. 822.209. REINVESTMENT OF CAPITAL STOCK. An insurance company may,...

Section 822.210. Commissioner May Require Larger Capital and Surplus Amounts - Sec. 822.210. COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS....

Section 822.211. Action of Commissioner When Capital or Surplus Requirements Not Satisfied - Sec. 822.211. ACTION OF COMMISSIONER WHEN CAPITAL OR SURPLUS REQUIREMENTS...

Section 822.212. Increase of Capital and Surplus - Sec. 822.212. INCREASE OF CAPITAL AND SURPLUS. (a) Notwithstanding Section...

Chapter 823 - Insurance Holding Company Systems

Subchapter A. General Provisions

Section 823.001. Findings and Purpose - Sec. 823.001. FINDINGS AND PURPOSE. (a) It is consistent with...

Section 823.002. Definitions - Sec. 823.002. DEFINITIONS. In this chapter: (1) "Acquiring person" means...

Section 823.003. Classification as Affiliate or Subsidiary - Sec. 823.003. CLASSIFICATION AS AFFILIATE OR SUBSIDIARY. (a) A person...

Section 823.004. Classification as Commercially Domiciled Insurer - Sec. 823.004. CLASSIFICATION AS COMMERCIALLY DOMICILED INSURER. (a) For purposes...

Section 823.005. Description of Control; Determination of Control - Sec. 823.005. DESCRIPTION OF CONTROL; DETERMINATION OF CONTROL. (a) For...

Section 823.006. Description of Insurance Holding Company System - Sec. 823.006. DESCRIPTION OF INSURANCE HOLDING COMPANY SYSTEM. An insurance...

Section 823.007. Description of Voting Security - Sec. 823.007. DESCRIPTION OF VOTING SECURITY. For purposes of this...

Section 823.008. Standard for Determining Surplus Reasonableness and Adequacy - Sec. 823.008. STANDARD FOR DETERMINING SURPLUS REASONABLENESS AND ADEQUACY. (a)...

Section 823.009. Situs of Securities of Domestic Insurer - Sec. 823.009. SITUS OF SECURITIES OF DOMESTIC INSURER. For purposes...

Section 823.010. Disclaimer of Affiliation - Sec. 823.010. DISCLAIMER OF AFFILIATION. (a) A disclaimer of affiliation...

Section 823.011. Confidentiality of Information - Sec. 823.011. CONFIDENTIALITY OF INFORMATION. (a) This section applies only...

Section 823.012. Rules; Procedures for Considering Certain Distributions - Sec. 823.012. RULES; PROCEDURES FOR CONSIDERING CERTAIN DISTRIBUTIONS. (a) The...

Section 823.013. Mandamus - Sec. 823.013. MANDAMUS. A person aggrieved by the failure of...

Section 823.014. Applicability of Chapter to Foreign or Alien Insurer - Sec. 823.014. APPLICABILITY OF CHAPTER TO FOREIGN OR ALIEN INSURER....

Section 823.0145. Supervisory Colleges - Sec. 823.0145. SUPERVISORY COLLEGES. (a) With respect to any insurer...

Section 823.0147. Group-Wide Supervision of Internationally Active Insurance Groups - Sec. 823.0147. GROUP-WIDE SUPERVISION OF INTERNATIONALLY ACTIVE INSURANCE GROUPS. (a)...

Section 823.015. Exemption From Chapter - Sec. 823.015. EXEMPTION FROM CHAPTER. The commissioner may exempt from...

Subchapter B. Registration

Section 823.051. Registration by Insurer Required - Sec. 823.051. REGISTRATION BY INSURER REQUIRED. (a) Each insurer authorized...

Section 823.052. Required Information; Registration Statement - Sec. 823.052. REQUIRED INFORMATION; REGISTRATION STATEMENT. (a) To register as...

Section 823.053. Reporting Material Changes - Sec. 823.053. REPORTING MATERIAL CHANGES. (a) To keep the information...

Section 823.054. Material Information - Sec. 823.054. MATERIAL INFORMATION. (a) Information about a transaction is...

Section 823.055. Annual Registration Statement; Summary of Material Changes - Sec. 823.055. ANNUAL REGISTRATION STATEMENT; SUMMARY OF MATERIAL CHANGES. (a)...

Section 823.056. Termination of Registration - Sec. 823.056. TERMINATION OF REGISTRATION. The commissioner shall terminate the...

Section 823.057. Consolidated Filing - Sec. 823.057. CONSOLIDATED FILING. The commissioner may require or permit...

Section 823.058. Alternative Registration - Sec. 823.058. ALTERNATIVE REGISTRATION. The commissioner may permit an insurer...

Section 823.059. Exemptions - Sec. 823.059. EXEMPTIONS. (a) The registration requirement under Section 823.051...

Section 823.0595. Enterprise Risk Report - Sec. 823.0595. ENTERPRISE RISK REPORT. (a) Except as provided by...

Section 823.060. Violation of Subchapter - Sec. 823.060. VIOLATION OF SUBCHAPTER. The failure to file a...

Subchapter C. Transactions of Registered Insurer

Section 823.101. Standards for Transaction Within an Insurance Holding Company System - Sec. 823.101. STANDARDS FOR TRANSACTION WITHIN AN INSURANCE HOLDING COMPANY...

Section 823.103. Notice of and Commissioner's Decision on Specified Transactions - Sec. 823.103. NOTICE OF AND COMMISSIONER'S DECISION ON SPECIFIED TRANSACTIONS....

Section 823.104. Prohibition of Action to Avoid Application of Subchapter - Sec. 823.104. PROHIBITION OF ACTION TO AVOID APPLICATION OF SUBCHAPTER....

Section 823.105. Type of Authority Provided - Sec. 823.105. TYPE OF AUTHORITY PROVIDED. Nothing in Section 823.103...

Section 823.106. Standards of Review; Reasons for Disapproval - Sec. 823.106. STANDARDS OF REVIEW; REASONS FOR DISAPPROVAL. (a) In...

Section 823.107. Extraordinary Dividends or Distributions - Sec. 823.107. EXTRAORDINARY DIVIDENDS OR DISTRIBUTIONS. (a) Except as provided...

Subchapter D. Control of Domestic Insurer; Acquisition or Merger

Section 823.151. Presumption of Control - Sec. 823.151. PRESUMPTION OF CONTROL. (a) Control of an entity...

Section 823.152. Employment of Experts - Sec. 823.152. EMPLOYMENT OF EXPERTS. (a) The commissioner may employ...

Section 823.153. Controller of Domestic Insurer Considered Domestic Insurer - Sec. 823.153. CONTROLLER OF DOMESTIC INSURER CONSIDERED DOMESTIC INSURER. For...

Section 823.154. Requirements for Acquisition or Exercise of Control or Divestiture of Domestic Insurer - Sec. 823.154. REQUIREMENTS FOR ACQUISITION OR EXERCISE OF CONTROL OR...

Section 823.155. Amendment of Statement - Sec. 823.155. AMENDMENT OF STATEMENT. If a material change occurs...

Section 823.156. Notice Expenses - Sec. 823.156. NOTICE EXPENSES. (a) A person who files a...

Section 823.157. Approval of Acquisition, Change, or Divestiture of Control - Sec. 823.157. APPROVAL OF ACQUISITION, CHANGE, OR DIVESTITURE OF CONTROL....

Section 823.159. Hearing; Time of Determination - Sec. 823.159. HEARING; TIME OF DETERMINATION. (a) A hearing under...

Section 823.160. Deadline for Completion of Acquisition - Sec. 823.160. DEADLINE FOR COMPLETION OF ACQUISITION. (a) An acquisition...

Section 823.161. Insurer's Duty to Notify - Sec. 823.161. INSURER'S DUTY TO NOTIFY. (a) Not later than...

Section 823.162. Prohibition on Certain Actions Related to Acquisition of Control or Merger - Sec. 823.162. PROHIBITION ON CERTAIN ACTIONS RELATED TO ACQUISITION OF...

Section 823.163. Retention of Control - Sec. 823.163. RETENTION OF CONTROL. (a) This section applies only...

Section 823.164. Exemptions From Subchapter - Sec. 823.164. EXEMPTIONS FROM SUBCHAPTER. (a) This subchapter does not...

Section 823.165. Violation of Subchapter - Sec. 823.165. VIOLATION OF SUBCHAPTER. The failure to file a...

Subchapter E. Acquisition Statement

Section 823.201. Acquiring Person - Sec. 823.201. ACQUIRING PERSON. (a) A statement required under Section...

Section 823.202. Consideration for Acquisition - Sec. 823.202. CONSIDERATION FOR ACQUISITION. (a) A statement required under...

Section 823.203. Financial Information About Acquiring Person - Sec. 823.203. FINANCIAL INFORMATION ABOUT ACQUIRING PERSON. (a) A statement...

Section 823.204. Plan for Future of Insurer - Sec. 823.204. PLAN FOR FUTURE OF INSURER. A statement required...

Section 823.205. Voting Securities - Sec. 823.205. VOTING SECURITIES. (a) In this section, "voting security"...

Section 823.206. Additional Information About Acquiring Organization - Sec. 823.206. ADDITIONAL INFORMATION ABOUT ACQUIRING ORGANIZATION. (a) If the...

Section 823.207. Oath or Affirmation Required - Sec. 823.207. OATH OR AFFIRMATION REQUIRED. A statement required under...

Subchapter F. Insurer's Loans to or Investment in Affiliate

Section 823.251. Definition - Sec. 823.251. DEFINITION. In this subchapter, "securities" includes common stock,...

Section 823.252. General Authority Relating to Affiliates - Sec. 823.252. GENERAL AUTHORITY RELATING TO AFFILIATES. A domestic insurer,...

Section 823.253. General Standard for Investment in Affiliate - Sec. 823.253. GENERAL STANDARD FOR INVESTMENT IN AFFILIATE. (a) A...

Section 823.254. Standard for Investment in Affiliate by Insurer With Low Total Liabilities - Sec. 823.254. STANDARD FOR INVESTMENT IN AFFILIATE BY INSURER WITH...

Section 823.255. Agreement of Affiliate to Limit Certain Investments - Sec. 823.255. AGREEMENT OF AFFILIATE TO LIMIT CERTAIN INVESTMENTS. (a)...

Section 823.256. Commissioner's Approval of Investment - Sec. 823.256. COMMISSIONER'S APPROVAL OF INVESTMENT. With the prior approval...

Section 823.257. Determination Required Before Investment - Sec. 823.257. DETERMINATION REQUIRED BEFORE INVESTMENT. (a) Whether an investment...

Section 823.258. Disposition of Investment in Subsidiary After Cessation of Control - Sec. 823.258. DISPOSITION OF INVESTMENT IN SUBSIDIARY AFTER CESSATION OF...

Section 823.259. Exemption From Certain Limitations; Investment Authority Cumulative of Other Law - Sec. 823.259. EXEMPTION FROM CERTAIN LIMITATIONS; INVESTMENT AUTHORITY CUMULATIVE OF...

Subchapter G. Valuation of Investment for Financial Statement

Section 823.301. Scope of Subchapter - Sec. 823.301. SCOPE OF SUBCHAPTER. (a) This subchapter applies only...

Section 823.302. Bases for Determining Valuation - Sec. 823.302. BASES FOR DETERMINING VALUATION. Subject to this subchapter,...

Section 823.303. Adjustment to Determination - Sec. 823.303. ADJUSTMENT TO DETERMINATION. If an affiliate is valued...

Section 823.304. Use of Different Bases - Sec. 823.304. USE OF DIFFERENT BASES. An insurer is not...

Section 823.305. Valuating Acquired Affiliate - Sec. 823.305. VALUATING ACQUIRED AFFILIATE. (a) Not later than the...

Section 823.306. Use of Unaudited Information - Sec. 823.306. USE OF UNAUDITED INFORMATION. If an affiliate is...

Section 823.307. Modification by Commissioner - Sec. 823.307. MODIFICATION BY COMMISSIONER. After notice and opportunity for...

Subchapter H. Examinations

Section 823.351. Examination of Insurer - Sec. 823.351. EXAMINATION OF INSURER. (a) Subject to Section 823.352,...

Section 823.352. Limitation on Power - Sec. 823.352. LIMITATION ON POWER. The commissioner may exercise power...

Section 823.353. Payment of Examination Costs - Sec. 823.353. PAYMENT OF EXAMINATION COSTS. (a) Each registered insurer...

Section 823.354. Use of Advisors - Sec. 823.354. USE OF ADVISORS. (a) The commissioner may employ...

Section 823.355. Cumulative Authority - Sec. 823.355. CUMULATIVE AUTHORITY. The authority provided by this subchapter...

Subchapter I. Limitations Relating to Controlled Insurers

Section 823.401. Prohibition of Indirect Action for Controlled Insurer - Sec. 823.401. PROHIBITION OF INDIRECT ACTION FOR CONTROLLED INSURER. (a)...

Section 823.402. Prohibition on Voting Certain Securities - Sec. 823.402. PROHIBITION ON VOTING CERTAIN SECURITIES. (a) A security...

Section 823.403. Management of Controlled Insurer - Sec. 823.403. MANAGEMENT OF CONTROLLED INSURER. (a) The control of...

Subchapter J. Civil Remedies and Sanctions

Section 823.451. Receivership - Sec. 823.451. RECEIVERSHIP. If it appears to the commissioner that...

Section 823.452. Revocation, Suspension, or Nonrenewal of Insurer's Authority - Sec. 823.452. REVOCATION, SUSPENSION, OR NONRENEWAL OF INSURER'S AUTHORITY. (a)...

Section 823.453. Voiding Unauthorized Action - Sec. 823.453. VOIDING UNAUTHORIZED ACTION. If it appears to the...

Section 823.454. Administrative Penalty - Sec. 823.454. ADMINISTRATIVE PENALTY. (a) A director or officer of...

Section 823.455. Equitable Relief - Sec. 823.455. EQUITABLE RELIEF. (a) If it appears to the...

Section 823.456. Seizure or Sequestration of Voting Securities - Sec. 823.456. SEIZURE OR SEQUESTRATION OF VOTING SECURITIES. If a...

Section 823.457. Long Arm Jurisdiction; Service of Process - Sec. 823.457. LONG ARM JURISDICTION; SERVICE OF PROCESS. (a) The...

Section 823.458. Sanctions - Sec. 823.458. SANCTIONS. An entity that holds a certificate of...

Subchapter K. Criminal Penalties

Section 823.501. Offense of Violating Chapter - Sec. 823.501. OFFENSE OF VIOLATING CHAPTER. (a) A person commits...

Section 823.502. Offense of Subscribing to or Making False Statement - Sec. 823.502. OFFENSE OF SUBSCRIBING TO OR MAKING FALSE STATEMENT....

Section 823.503. Beginning Criminal Proceedings - Sec. 823.503. BEGINNING CRIMINAL PROCEEDINGS. If it appears to the...

Chapter 824 - Merger and Consolidation of Stock Insurance Corporations

Subchapter A. Authority and Procedures

Section 824.001. Authority to Merge or Consolidate - Sec. 824.001. AUTHORITY TO MERGE OR CONSOLIDATE. Two or more...

Section 824.002. Procedures; Applicability of Texas Business Corporation Act - Sec. 824.002. PROCEDURES; APPLICABILITY OF TEXAS BUSINESS CORPORATION ACT. (a)...

Section 824.003. Proposed Plan of Merger or Consolidation; Approval of Directors and Shareholders - Sec. 824.003. PROPOSED PLAN OF MERGER OR CONSOLIDATION; APPROVAL OF...

Section 824.004. Filing of Proposed Plan With Commissioner - Sec. 824.004. FILING OF PROPOSED PLAN WITH COMMISSIONER. After a...

Section 824.005. Commissioner Action on Plan - Sec. 824.005. COMMISSIONER ACTION ON PLAN. (a) The commissioner shall...

Subchapter B. Effective Date of Merger or Consolidation

Section 824.051. Effective Date of Merger - Sec. 824.051. EFFECTIVE DATE OF MERGER. A merger takes effect...

Section 824.052. Effective Date of Consolidation - Sec. 824.052. EFFECTIVE DATE OF CONSOLIDATION. (a) A new insurance...

Section 824.053. Approval of Merger or Consolidation Affecting Foreign Corporation; Effective Date - Sec. 824.053. APPROVAL OF MERGER OR CONSOLIDATION AFFECTING FOREIGN CORPORATION;...

Subchapter C. Effect of Merger or Consolidation

Section 824.101. Effect of Merger or Consolidation on Outstanding Insurance Policies - Sec. 824.101. EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE...

Section 824.102. Effect of Merger or Consolidation on Certain Investments - Sec. 824.102. EFFECT OF MERGER OR CONSOLIDATION ON CERTAIN INVESTMENTS....

Section 824.103. Retirement and Cancellation of Treasury Shares - Sec. 824.103. RETIREMENT AND CANCELLATION OF TREASURY SHARES. (a) After...

Section 824.104. Effect on Antitrust Laws - Sec. 824.104. EFFECT ON ANTITRUST LAWS. This chapter does not...

Subchapter D. Merger or Consolidation of Life Insurance Corporations

Section 824.151. Purchase of Outstanding Shares by Life Insurance Corporation - Sec. 824.151. PURCHASE OF OUTSTANDING SHARES BY LIFE INSURANCE CORPORATION....

Section 824.152. Limitations on Purchase of Outstanding Shares by Life Insurance Corporation - Sec. 824.152. LIMITATIONS ON PURCHASE OF OUTSTANDING SHARES BY LIFE...

Chapter 825 - Conversion of Stock Insurance Company to Mutual Insurance Company

Subchapter A. General Provisions

Section 825.001. Definitions - Sec. 825.001. DEFINITIONS. In this chapter: (1) "Converting company" means...

Section 825.002. Authority to Convert to Mutual Insurance Company - Sec. 825.002. AUTHORITY TO CONVERT TO MUTUAL INSURANCE COMPANY. (a)...

Subchapter B. Stock Acquisition Plan

Section 825.051. Contents of Stock Acquisition Plan - Sec. 825.051. CONTENTS OF STOCK ACQUISITION PLAN. (a) A stock...

Section 825.052. Sufficient Assets Required - Sec. 825.052. SUFFICIENT ASSETS REQUIRED. The commissioner may not approve...

Section 825.053. Stock Acquisition Plan Approval - Sec. 825.053. STOCK ACQUISITION PLAN APPROVAL. A policyholders' meeting for...

Section 825.054. Policyholder Eligibility - Sec. 825.054. POLICYHOLDER ELIGIBILITY. To be eligible to participate in...

Section 825.055. Policyholders' Meeting - Sec. 825.055. POLICYHOLDERS' MEETING. (a) A converting company shall give...

Section 825.056. Policyholder Voting - Sec. 825.056. POLICYHOLDER VOTING. (a) A policyholder may vote in...

Subchapter C. Acquisition of Shares

Section 825.101. Issuance of Annuity Bonds in Payment of Stock - Sec. 825.101. ISSUANCE OF ANNUITY BONDS IN PAYMENT OF STOCK....

Section 825.102. Acquisition in Trust - Sec. 825.102. ACQUISITION IN TRUST. (a) Until all of the...

Section 825.103. Distribution of Dividends - Sec. 825.103. DISTRIBUTION OF DIVIDENDS. After conversion, the converting company...

Section 825.104. Conversion Complete on Cancellation of Stock; Application of Certain Laws - Sec. 825.104. CONVERSION COMPLETE ON CANCELLATION OF STOCK; APPLICATION OF...

Chapter 826 - Conversion of Mutual Insurance Company to Stock Insurance Company

Subchapter A. General Provisions

Section 826.001. Definitions - Sec. 826.001. DEFINITIONS. In this chapter: (1) "Conversion plan" means...

Section 826.002. Authority to Convert to Stock Insurance Company - Sec. 826.002. AUTHORITY TO CONVERT TO STOCK INSURANCE COMPANY. (a)...

Section 826.003. Rights and Privileges of Resulting Company; Laws Applicable - Sec. 826.003. RIGHTS AND PRIVILEGES OF RESULTING COMPANY; LAWS APPLICABLE....

Section 826.004. Certain Conversions Prohibited - Sec. 826.004. CERTAIN CONVERSIONS PROHIBITED. A mutual insurance company may...

Section 826.005. Corporate Existence - Sec. 826.005. CORPORATE EXISTENCE. (a) On the effective date of...

Subchapter B. Conversion Plan Adoption and Requirements

Section 826.051. Plan Adoption - Sec. 826.051. PLAN ADOPTION. (a) To convert to a stock...

Section 826.052. General Requirements; Effect of Conversion on Policies - Sec. 826.052. GENERAL REQUIREMENTS; EFFECT OF CONVERSION ON POLICIES. (a)...

Section 826.053. Sale of Capital Stock - Sec. 826.053. SALE OF CAPITAL STOCK. A conversion plan must...

Section 826.054. Purchase Price of Capital Stock - Sec. 826.054. PURCHASE PRICE OF CAPITAL STOCK. (a) A conversion...

Section 826.055. Limitation on Acquisition of Capital Stock - Sec. 826.055. LIMITATION ON ACQUISITION OF CAPITAL STOCK. (a) The...

Section 826.056. Directors and Officers - Sec. 826.056. DIRECTORS AND OFFICERS. (a) Except as otherwise provided...

Section 826.057. Rights of Holder of Surplus Notes - Sec. 826.057. RIGHTS OF HOLDER OF SURPLUS NOTES. A conversion...

Section 826.058. Subscription Rights; General Provisions - Sec. 826.058. SUBSCRIPTION RIGHTS; GENERAL PROVISIONS. (a) Except for an...

Section 826.059. Subscription Rights; Tax-Qualified Employee Benefit Plan - Sec. 826.059. SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN. The conversion...

Section 826.060. Liquidation Account - Sec. 826.060. LIQUIDATION ACCOUNT. (a) The conversion plan may provide...

Section 826.061. Alternate Conversion Plan - Sec. 826.061. ALTERNATE CONVERSION PLAN. (a) The board of directors...

Subchapter C. Adoption of Conversion Plan

Section 826.101. Plan Information Filed With Commissioner; Commissioner Powers and Duties - Sec. 826.101. PLAN INFORMATION FILED WITH COMMISSIONER; COMMISSIONER POWERS AND...

Section 826.102. Approval of Plan by Commissioner - Sec. 826.102. APPROVAL OF PLAN BY COMMISSIONER. (a) The commissioner...

Section 826.103. Amendments; Withdrawal of Plan - Sec. 826.103. AMENDMENTS; WITHDRAWAL OF PLAN. Before a conversion plan...

Section 826.104. Notice to Eligible Members; Comments - Sec. 826.104. NOTICE TO ELIGIBLE MEMBERS; COMMENTS. (a) Not later...

Section 826.105. Substantial Compliance With Notice Requirements - Sec. 826.105. SUBSTANTIAL COMPLIANCE WITH NOTICE REQUIREMENTS. If the converting...

Section 826.106. Insolvent Converting Company; Notice Requirements - Sec. 826.106. INSOLVENT CONVERTING COMPANY; NOTICE REQUIREMENTS. If a converting...

Section 826.108. Filing of Minutes, Articles of Incorporation, and Bylaws; Effective Date of Conversion - Sec. 826.108. FILING OF MINUTES, ARTICLES OF INCORPORATION, AND BYLAWS;...

Section 826.109. Conflict of Interest - Sec. 826.109. CONFLICT OF INTEREST. (a) Except as provided by...

Section 826.110. Limitation on Actions - Sec. 826.110. LIMITATION ON ACTIONS. An action challenging the validity...

Subchapter D. Rights of Members on Conversion

Section 826.151. Rights of Members Whose Policies Are Issued After Adoption of Conversion Plan but Before Effective Date - Sec. 826.151. RIGHTS OF MEMBERS WHOSE POLICIES ARE ISSUED AFTER...

Section 826.152. Amendment of Policies - Sec. 826.152. AMENDMENT OF POLICIES. A converting company, by endorsement...

Subchapter E. Conversion Through Mutual Holding Company

Section 826.201. Conversion Through Creation of Holding Company - Sec. 826.201. CONVERSION THROUGH CREATION OF HOLDING COMPANY. (a) A...

Section 826.202. Commissioner Powers and Duties; Approval - Sec. 826.202. COMMISSIONER POWERS AND DUTIES; APPROVAL. (a) The commissioner...

Section 826.203. Applicability of Certain Laws; Incorporation - Sec. 826.203. APPLICABILITY OF CERTAIN LAWS; INCORPORATION. A mutual holding...

Section 826.204. Membership Interests - Sec. 826.204. MEMBERSHIP INTERESTS. (a) The membership interests of the...

Section 826.205. Capital Stock Held by Mutual Holding Company - Sec. 826.205. CAPITAL STOCK HELD BY MUTUAL HOLDING COMPANY. (a)...

Section 826.206. Conversion of Foreign Mutual Insurance Company - Sec. 826.206. CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY. (a) On...

Chapter 827 - Withdrawal and Restriction Plans

Section 827.001. Definitions - Sec. 827.001. DEFINITIONS. In this chapter: (1) "Insurer" means an...

Section 827.002. Exemption - Sec. 827.002. EXEMPTION. This chapter does not apply to a...

Section 827.003. Withdrawal Plan Required - Sec. 827.003. WITHDRAWAL PLAN REQUIRED. An insurer shall file with...

Section 827.004. Provisions of Withdrawal Plan - Sec. 827.004. PROVISIONS OF WITHDRAWAL PLAN. A withdrawal plan filed...

Section 827.005. Approval of Withdrawal Plan - Sec. 827.005. APPROVAL OF WITHDRAWAL PLAN. (a) Except as provided...

Section 827.006. Resumption of Writing Insurance After Complete Withdrawal - Sec. 827.006. RESUMPTION OF WRITING INSURANCE AFTER COMPLETE WITHDRAWAL. An...

Section 827.007. Penalties - Sec. 827.007. PENALTIES. The commissioner may impose the civil penalties...

Section 827.008. Restriction Plan - Sec. 827.008. RESTRICTION PLAN. (a) Before an insurer, in response...

Section 827.009. Deposit of Securities - Sec. 827.009. DEPOSIT OF SECURITIES. Under this chapter, the commissioner...

Section 827.010. Moratorium - Sec. 827.010. MORATORIUM. (a) The commissioner may impose a moratorium...

Section 827.011. Rules - Sec. 827.011. RULES. The commissioner shall adopt rules as necessary...

Chapter 828 - Purchase of Stock for Total Assumption Reinsurance

Subchapter A. General Provisions

Section 828.001. Authority to Purchase Stock for Total Assumption Reinsurance - Sec. 828.001. AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE....

Section 828.002. Effect on Antitrust Laws - Sec. 828.002. EFFECT ON ANTITRUST LAWS. This chapter does not...

Section 828.003. Investments of Reinsured Company - Sec. 828.003. INVESTMENTS OF REINSURED COMPANY. The investments of a...

Subchapter B. Exception to Investment Limitation

Section 828.051. Exception to Limitation on Purchasing Shares of Other Company - Sec. 828.051. EXCEPTION TO LIMITATION ON PURCHASING SHARES OF OTHER...

Section 828.052. Resolution of Intention to Reinsure - Sec. 828.052. RESOLUTION OF INTENTION TO REINSURE. The intention to...

Section 828.053. Minimum Stock Acquisition - Sec. 828.053. MINIMUM STOCK ACQUISITION. The purchasing company shall obtain...

Section 828.054. Approval Required - Sec. 828.054. APPROVAL REQUIRED. A purchase, offer to purchase, tender...

Section 828.055. Restrictions on Reinsured Company - Sec. 828.055. RESTRICTIONS ON REINSURED COMPANY. Following the earlier of...

Section 828.056. Required Effective Date of Reinsurance Agreement; Effect of Failure to Meet Required Effective Date - Sec. 828.056. REQUIRED EFFECTIVE DATE OF REINSURANCE AGREEMENT; EFFECT OF...

Section 828.057. Prohibition on Use of Purchasing Company's Capital, Surplus, or Reserves - Sec. 828.057. PROHIBITION ON USE OF PURCHASING COMPANY'S CAPITAL, SURPLUS,...

Chapter 829 - Conversion of Reciprocal or Interinsurance Exchange to Stock Company Through Creation of a Mutual Holding Company

Subchapter A. General Provisions

Section 829.001. Definitions - Sec. 829.001. DEFINITIONS. In this chapter: (1) "Attorney in fact"...

Section 829.002. Authority to Convert Through Creation of a Mutual Holding Company - Sec. 829.002. AUTHORITY TO CONVERT THROUGH CREATION OF A MUTUAL...

Section 829.003. Rights and Privileges of Resulting Company; Laws Applicable - Sec. 829.003. RIGHTS AND PRIVILEGES OF RESULTING COMPANY; LAWS APPLICABLE....

Section 829.004. Mutual Holding Company; Laws Applicable - Sec. 829.004. MUTUAL HOLDING COMPANY; LAWS APPLICABLE. (a) Except as...

Section 829.005. Conflict of Interest - Sec. 829.005. CONFLICT OF INTEREST. (a) Except as provided by...

Section 829.006. Limitation on Actions - Sec. 829.006. LIMITATION ON ACTIONS. (a) Except as provided by...

Section 829.007. Sale of Securities - Sec. 829.007. SALE OF SECURITIES. (a) A sale, issuance, or...

Subchapter B. Mutual Holding Company Structure

Section 829.051. Capital Stock Held by Mutual Holding Company - Sec. 829.051. CAPITAL STOCK HELD BY MUTUAL HOLDING COMPANY. (a)...

Section 829.052. Limitation on Acquisition of Capital Stock - Sec. 829.052. LIMITATION ON ACQUISITION OF CAPITAL STOCK. (a) The...

Section 829.053. Directors and Officers - Sec. 829.053. DIRECTORS AND OFFICERS. (a) Except as otherwise provided...

Section 829.054. Subscription Rights; Tax-Qualified Employee Benefit Plan - Sec. 829.054. SUBSCRIPTION RIGHTS; TAX-QUALIFIED EMPLOYEE BENEFIT PLAN. The conversion...

Subchapter C. Plan Adoption and Approval

Section 829.101. Plan Adoption - Sec. 829.101. PLAN ADOPTION. (a) To convert under this chapter...

Section 829.102. Amendments; Withdrawal of Plan - Sec. 829.102. AMENDMENTS; WITHDRAWAL OF PLAN. Before a conversion plan...

Section 829.103. Filing of Plan and Related Documents With Commissioner; Commissioner's Powers and Duties - Sec. 829.103. FILING OF PLAN AND RELATED DOCUMENTS WITH COMMISSIONER;...

Section 829.104. Notice to Eligible Members; Comments - Sec. 829.104. NOTICE TO ELIGIBLE MEMBERS; COMMENTS. (a) The converting...

Section 829.105. Substantial Compliance With Notice Requirements - Sec. 829.105. SUBSTANTIAL COMPLIANCE WITH NOTICE REQUIREMENTS. If the converting...

Section 829.106. Approval of Plan by Commissioner - Sec. 829.106. APPROVAL OF PLAN BY COMMISSIONER. (a) The commissioner...

Section 829.107. Approval of Plan by Eligible Members - Sec. 829.107. APPROVAL OF PLAN BY ELIGIBLE MEMBERS. (a) After...

Section 829.108. Filing of Minutes, Articles of Incorporation, and Bylaws; Effective Date of Conversion - Sec. 829.108. FILING OF MINUTES, ARTICLES OF INCORPORATION, AND BYLAWS;...

Subchapter D. Effect of Plan; Rights of Members

Section 829.151. Corporate Existence - Sec. 829.151. CORPORATE EXISTENCE. (a) On the effective date: (1)...

Section 829.152. Membership Interests - Sec. 829.152. MEMBERSHIP INTERESTS. (a) The membership interests of the...

Section 829.153. Rights of Members Whose Policies Are Issued After Adoption of Conversion Plan but Before Effective Date - Sec. 829.153. RIGHTS OF MEMBERS WHOSE POLICIES ARE ISSUED AFTER...

Section 829.154. Effect of Conversion on Policies; Subscriber Accounts - Sec. 829.154. EFFECT OF CONVERSION ON POLICIES; SUBSCRIBER ACCOUNTS. (a)...

Chapter 830 - Own Risk and Solvency Assessment

Section 830.001. Applicability and Purpose - Sec. 830.001. APPLICABILITY AND PURPOSE. (a) This chapter applies to...

Section 830.002. Definitions - Sec. 830.002. DEFINITIONS. In this chapter: (1) "Guidance manual" means...

Section 830.003. Risk Management Framework - Sec. 830.003. RISK MANAGEMENT FRAMEWORK. An insurer shall maintain a...

Section 830.004. Own Risk and Solvency Assessment Requirement - Sec. 830.004. OWN RISK AND SOLVENCY ASSESSMENT REQUIREMENT. (a) Subject...

Section 830.005. Summary Report Required - Sec. 830.005. SUMMARY REPORT REQUIRED. (a) On the commissioner's request,...

Section 830.006. Exemption - Sec. 830.006. EXEMPTION. (a) An insurer is exempt from the...

Section 830.007. Contents of Summary Report - Sec. 830.007. CONTENTS OF SUMMARY REPORT. (a) An insurer shall...

Section 830.008. Confidentiality - Sec. 830.008. CONFIDENTIALITY. (a) Documents, materials, or other information, including...

Section 830.009. Agreement Concerning Confidential and Privileged Information - Sec. 830.009. AGREEMENT CONCERNING CONFIDENTIAL AND PRIVILEGED INFORMATION. (a) The...

Section 830.010. Authority of Commissioner Not Affected - Sec. 830.010. AUTHORITY OF COMMISSIONER NOT AFFECTED. The commissioner's sharing...

Section 830.011. Privilege and Confidentiality Not Waived - Sec. 830.011. PRIVILEGE AND CONFIDENTIALITY NOT WAIVED. A waiver of...

Section 830.012. Administrative Penalty - Sec. 830.012. ADMINISTRATIVE PENALTY. (a) An insurer that, without good...

Chapter 831 - Corporate Governance Annual Disclosure

Section 831.0001. Applicability and Purpose - Sec. 831.0001. APPLICABILITY AND PURPOSE. (a) The purpose of this...

Section 831.0002. Definitions - Sec. 831.0002. DEFINITIONS. In this chapter: (1) "Disclosure" means the...

Section 831.0003. Disclosure Required - Sec. 831.0003. DISCLOSURE REQUIRED. (a) Except as provided by Subsection...

Section 831.0004. Level of Reporting - Sec. 831.0004. LEVEL OF REPORTING. (a) For purposes of completing...

Section 831.0005. Review of Disclosure; Request for Additional Information - Sec. 831.0005. REVIEW OF DISCLOSURE; REQUEST FOR ADDITIONAL INFORMATION. The...

Section 831.0006. Substantially Similar Information - Sec. 831.0006. SUBSTANTIALLY SIMILAR INFORMATION. An insurer that provides information...

Section 831.0007. Part of Examination Process - Sec. 831.0007. PART OF EXAMINATION PROCESS. The disclosure and any...

Section 831.0008. Contents of Disclosure - Sec. 831.0008. CONTENTS OF DISCLOSURE. (a) An insurer or insurance...

Section 831.0009. Confidentiality - Sec. 831.0009. CONFIDENTIALITY. (a) Documents, materials, or other information, including...

Section 831.0010. Authority of Commissioner Not Affected - Sec. 831.0010. AUTHORITY OF COMMISSIONER NOT AFFECTED. The sharing of...

Section 831.0011. Privilege and Confidentiality Not Waived - Sec. 831.0011. PRIVILEGE AND CONFIDENTIALITY NOT WAIVED. A waiver of...

Section 831.0012. National Association of Insurance Commissioners and Third-Party Consultants - Sec. 831.0012. NATIONAL ASSOCIATION OF INSURANCE COMMISSIONERS AND THIRD-PARTY CONSULTANTS....

Section 831.0013. Administrative Penalty - Sec. 831.0013. ADMINISTRATIVE PENALTY. (a) An insurer that, without good...

Section 831.0014. Rules - Sec. 831.0014. RULES. (a) The commissioner shall adopt rules as...

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Texas Statutes Title 6 - Organization of Insurers and Related Entities Subtitle B - Organization of Regulated Entities

Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities