 |
Texas Statutes (Last Updated: January 4, 2014) |
 |
INSURANCE CODE |
|
|
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
|
|
Subtitle E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES |
|
|
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 |