Chapter 882. MUTUAL LIFE INSURANCE COMPANIES  


Subchapter A. GENERAL PROVISIONS
§ 882.001. APPLICABILITY OF THIS CHAPTER AND OTHER LAW
§ 882.002. EXAMINATION OF COMPANY
§ 882.003. ANNUAL STATEMENT
Subchapter B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY
§ 882.051. AUTHORITY TO FORM COMPANY; PURPOSE
§ 882.052. FORMATION OF COMPANY; ARTICLES OF INCORPORATION
§ 882.053. COMPANY'S NAME
§ 882.054. INITIAL BOARD OF DIRECTORS; TERM
§ 882.055. UNENCUMBERED SURPLUS REQUIREMENTS
§ 882.056. APPLICATION FOR CHARTER
§ 882.057. APPLICATION PROCESS
§ 882.058. ACTION ON APPLICATION
§ 882.059. EXAMINATION AFTER DETERMINATION
Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS
§ 882.101. ISSUANCE OF CERTIFICATE OF AUTHORITY
Subchapter D. MANAGEMENT OF MUTUAL LIFE INSURANCE COMPANY
§ 882.151. BOARD OF DIRECTORS
§ 882.152. ADOPTION OF INITIAL BYLAWS
§ 882.153. ANNUAL MEETING
§ 882.154. STAGGERED TERMS FOR LARGE BOARD OF DIRECTORS
§ 882.155. VOTING BY POLICYHOLDERS
§ 882.156. OFFICERS
§ 882.157. OFFICER BONDS
§ 882.158. BYLAWS MUST COMPLY WITH LAW
Subchapter E. AGENTS
§ 882.201. APPLICABILITY OF SUBCHAPTER
§ 882.202. ISSUANCE OF LICENSE TO AGENT
§ 882.203. LIMITATION ON AGENT COMPENSATION
Subchapter F. GENERAL FINANCIAL REQUIREMENTS
§ 882.251. LIMITED AUTHORITY TO BORROW MONEY
§ 882.252. INVESTMENT OF MONEY
§ 882.253. LOANS TO COMPANY
Subchapter G. UNENCUMBERED SURPLUS REQUIREMENTS
§ 882.301. AMOUNT OF UNENCUMBERED SURPLUS
§ 882.302. EXEMPTION FOR CERTAIN COMPANIES
§ 882.303. UNENCUMBERED SURPLUS LESS THAN $25,000
§ 882.304. INVESTMENT OF EXCESS UNENCUMBERED SURPLUS
§ 882.305. IMPAIRMENT OF UNENCUMBERED SURPLUS
§ 882.306. IMPAIRMENT OF UNENCUMBERED SURPLUS; APPOINTMENT OF RECEIVER
Subchapter H. DIVIDENDS
§ 882.351. POLICYHOLDER'S ENTITLEMENT TO DIVIDEND
§ 882.352. ACCOUNTING AND PROCEDURE FOR ALLOCATION OF DIVISIBLE SURPLUS; REPORT TO COMMISSIONER
§ 882.353. DEPARTMENT APPROVAL OF ALLOCATION; REVISIONS
§ 882.354. DIVIDEND PAYMENT METHOD
§ 882.355. LIMITATIONS ON DIVISIBLE SURPLUS
§ 882.356. PAYMENT OF DIVIDENDS NOT REQUIRED
Subchapter I. CONTINGENCY RESERVE
§ 882.401. AMOUNT OF CONTINGENCY RESERVE
§ 882.402. EXCESS CONTINGENCY RESERVE
§ 882.403. CONTINGENCY RESERVE REQUIREMENTS
§ 882.404. ALLOCATION OF CONTINGENCY RESERVE TO UNENCUMBERED SURPLUS
§ 882.405. DESIGNATION OF CONTINGENCY RESERVE AS UNASSIGNED SURPLUS
Subchapter J. POLICY REQUIREMENTS
§ 882.451. APPLICABILITY OF CERTAIN PROVISIONS
§ 882.452. TYPE OF POLICY AUTHORIZED
§ 882.453. POLICY FORM
§ 882.454. LIMITATION ON AMOUNT OF POLICY VALUE FOR CERTAIN COMPANIES
§ 882.455. TABLE OF GUARANTEED VALUES
Subchapter K. TOTAL ASSUMPTION REINSURANCE AGREEMENTS
§ 882.501. TOTAL ASSUMPTION REINSURANCE AGREEMENTS BETWEEN LIFE INSURANCE COMPANIES
Subchapter L. MERGERS AND CONSOLIDATIONS
§ 882.551. APPLICABILITY OF SUBCHAPTER
§ 882.552. AUTHORITY TO MERGE OR CONSOLIDATE
§ 882.553. PROPOSED PLAN OF MERGER OR CONSOLIDATION; FILING WITH COMMISSIONER
§ 882.554. HEARING ON PLAN
§ 882.555. COMMISSIONER DETERMINATION ON PLAN
§ 882.556. APPROVAL OF PLAN BY POLICYHOLDERS
§ 882.557. DOMESTIC STOCK LIFE INSURANCE COMPANY; APPROVAL OF PLAN BY SHAREHOLDERS
§ 882.558. FOREIGN LIFE INSURANCE COMPANY; APPROVAL OF PLAN BY POLICYHOLDERS OR SHAREHOLDERS
§ 882.559. FILING OF AFFIDAVIT OF PLAN APPROVAL; ISSUANCE OF CERTIFICATE OF MERGER OR CONSOLIDATION
§ 882.560. EFFECTIVE DATE OF MERGER OR CONSOLIDATION
§ 882.561. ASSUMPTION OF OUTSTANDING INSURANCE POLICIES
§ 882.562. ASSUMPTION OF LIABILITIES
§ 882.563. EFFECT OF MERGER OR CONSOLIDATION ON PROPERTY
§ 882.564. EFFECT OF MERGER OR CONSOLIDATION ON CERTAIN INVESTMENTS
§ 882.565. EFFECT OF MERGER OR CONSOLIDATION ON DIVISIBLE SURPLUS
§ 882.566. EFFECT ON ANTITRUST LAWS
Subchapter M. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY
§ 882.601. AUTHORITY TO CONVERT TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY; POLICYHOLDER AUTHORIZATION REQUIRED
§ 882.602. AMENDMENT TO CHARTER OR ARTICLES OF INCORPORATION REQUIRED
§ 882.603. CAPITAL AND SURPLUS REQUIREMENTS
§ 882.604. HEARING
§ 882.605. CONVERSION ON COMMISSIONER APPROVAL
§ 882.606. APPLICABLE LAW AFTER CONVERSION
§ 882.607. OTHER TYPES OF CONVERSION NOT PROHIBITED
Subchapter N. CONVERSION OF CERTAIN MUTUAL ASSESSMENT COMPANIES OR ASSOCIATIONS TO MUTUAL LIFE INSURANCE COMPANIES
§ 882.651. AUTHORITY TO CONVERT
§ 882.652. VOLUNTARY CONVERSION
§ 882.653. CONVERSION REQUIREMENTS
§ 882.654. EXEMPTION FROM SURPLUS REQUIREMENTS
§ 882.655. APPLICABLE LAW AFTER CONVERSION
Subchapter O. ENFORCEMENT PROVISIONS
§ 882.701. APPLICABILITY OF SUBCHAPTER
§ 882.702. INVESTMENT AND DEPOSIT OF FUNDS; CRIMINAL PENALTY
§ 882.703. POLICY FORM; REVOCATION OF CERTIFICATE
Subchapter P. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO INSURANCE HOLDING COMPANY AND STOCK LIFE INSURANCE COMPANY
§ 882.751. AUTHORITY TO CONVERT
§ 882.752. APPLICATION OF OTHER LAW
§ 882.753. JURISDICTION OF COMMISSIONER
§ 882.754. INCORPORATION REQUIREMENTS
§ 882.755. ARTICLES OF INCORPORATION
§ 882.756. SALE OF SECURITIES