Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle B. ORGANIZATION OF REGULATED ENTITIES |
Chapter 826. CONVERSION OF MUTUAL INSURANCE COMPANY TO STOCK INSURANCE COMPANY |
Subchapter A. GENERAL PROVISIONS |
Sec. 826.002. AUTHORITY TO CONVERT TO STOCK INSURANCE COMPANY
Latest version.
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(a) A mutual insurance company may convert to a stock insurance company.
(b) A converting company may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.