Tex. Ins. Code § 822.058 · Subchapter B. FORMATION AND STRUCTURE OF COMPANY
ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Repealed by Acts 2009, 81st Leg., R.S., Ch. 1022, Sec. 19(2), eff. June 19, 2009.
(b) After the items required for a charter under Sections 822.057(a)(1) and (2) are filed with the department and the proposed insurance company has complied with all legal requirements, the commissioner shall conduct an examination of the company to determine whether:
(1) the minimum capital stock and surplus requirements of Section 822.054 are satisfied;
(2) the capital stock and surplus is the bona fide property of the company; and
(3) the insurance company has fully complied with insurance laws.
(c) The commissioner may appoint a competent and disinterested person to conduct the examination required by this section. The examiner shall file an affidavit of the examiner's findings with the commissioner. The commissioner shall record the affidavit.
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. 5, eff. June 19, 2009.
Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 19(2), 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 7192d5d98f57a4344f73ea5ee7ec23afc0b716f61da25abbf5979a8b156364ec
- 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
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 3 provisions
Provisions in this library whose text cites Tex. Ins. Code § 822.058. Each shows the citation as that text prints it.
Insurance Code
- 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 § 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 § 941.353REQUIREMENTS OF CONVERSION PLAN.Printed as Section 822.058(b)
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