Tex. Ins. Code § 828.001 · Subchapter A. GENERAL PROVISIONS
AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
This code does not affect the right of a life insurance company organized or operating under Chapter 841, 882, or 982 to purchase or contract to purchase all or part of the outstanding shares of another domestic or foreign life insurance company that engages in a similar line of business in order to:
(1) reinsure all of the other company's business;
(2) assume all of the other company's liabilities; and
(3) take over all of the other company's assets.
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.828.htm
- Text hash
- sha256 127062b58d184fbbc5b9f6d8b9701da61ba3acfeb3643076fe0a357430d45021
- 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
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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.