Sec. 826.003. RIGHTS AND PRIVILEGES OF RESULTING COMPANY; LAWS APPLICABLE

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Except as provided by this chapter, a resulting company:
(1) may exercise only the rights and privileges of a stock insurance company; and
(2) is subject to:
(A) all of the requirements and rules imposed on stock insurance companies organized under this code; and
(B) the laws of this state relating to the regulation or supervision of insurance companies.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

                    
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