Tex. Ins. Code § 826.001 · Subchapter A. GENERAL PROVISIONS
DEFINITIONS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
In this chapter:
(1) "Conversion plan" means a plan adopted under this chapter to convert a mutual insurance company into a stock insurance company.
(2) "Converting company" means a domestic mutual insurance company that is converting under this chapter into a domestic stock insurance company.
(3) "Eligible member" means a member of a converting company whose policy is in force on the date that the company's board of directors adopts a conversion plan. The term does not include a person insured under a group policy.
(4) "Mutual insurance company" means a domestic mutual insurance company.
(5) "Participating policy" means a policy issued by a mutual insurance company that grants a holder the right to receive declared dividends.
(6) "Resulting company" means a domestic stock insurance company that has converted under this chapter from a domestic mutual insurance company.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.826.htm
- Text hash
- sha256 bfc245c75df9716d978ca15b5abce6bfa05de152dbc45ab8b5e8997ec03cb300
- 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
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.