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 883. MUTUAL INSURANCE COMPANIES OTHER THAN MUTUAL LIFE INSURANCE COMPANIES |
Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE |
Sec. 883.102. CHARTER AND CERTIFICATE OF AUTHORITY REQUIRED
Latest version.
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A domestic mutual insurance company may not engage in the business of insurance until:
(1) the company obtains a charter as provided by Chapter 822; and
(2) the commissioner issues to the company a certificate of authority for that purpose.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.