Tex. Ins. Code § 822.057 · Subchapter B. FORMATION AND STRUCTURE OF COMPANY
APPLICATION FOR CHARTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To obtain a charter for an insurance company, the incorporators must pay to the department the fees prescribed by law and file with the department:
(1) an application for charter on the form and containing the information prescribed by the commissioner;
(2) the company's proposed articles of incorporation;
(3) an affidavit made by the incorporators or officers of the company that states that:
(A) the capital and surplus is the bona fide property of the company; and
(B) the information in the articles of incorporation is true and correct; and
(4) if the application provides for the issuance of shares of stock without par value, a certificate authenticated by the incorporators stating:
(A) the number of shares without par value that are subscribed; and
(B) the actual consideration received by the company for those shares.
(b) If the commissioner is not satisfied with the affidavit filed under Subsection (a)(3), the commissioner may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the commissioner:
(1) receives the proposed articles of incorporation or the application for charter; or
(2) issues a certificate of authority to the company.
(c) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1022, Sec. 19(1), eff. June 19, 2009.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 4, eff. June 19, 2009.
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 19(1), eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.822.htm
- Text hash
- sha256 c83153fa5e67913597689301eef16ed22fdf97115b04c1dbbc53f10987074c0a
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
Cited by 7 provisions
Provisions in this library whose text cites Tex. Ins. Code § 822.057. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 822.003EFFECT ON TRANSACTIONS BETWEEN INSURANCE COMPANIES AND OTHERS.Printed as Section 822.057(a)(4)
- Tex. Ins. Code § 822.058ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER.Printed as Sections 822.057(a)(1)
- Tex. Ins. Code § 822.061ISSUANCE OF CHARTER.Printed as Section 822.057(a)(4)
- Tex. Ins. Code § 861.102ISSUANCE OF CERTIFICATE OF AUTHORITY.Printed as Sections 822.051, 822.052, 822.053, 822.054, 822.057, 822.058, 822.059, 822.060, and 822.210
- Tex. Ins. Code § 883.051FORMATION OF COMPANY.Printed as Sections 822.001, 822.051, 822.057(a)(1)
- Tex. Ins. Code § 941.003LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICATION OF CERTAIN LAWS.Printed as Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 942.053SUBSCRIBER DECLARATION.Printed as Section 822.057(a)(3)
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.