Tex. Ins. Code § 861.052 · Subchapter B. FORMATION AND STRUCTURE OF GENERAL CASUALTY COMPANY
ARTICLES OF INCORPORATION; FILING AND RECORDING REQUIREMENT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The articles of incorporation for a general casualty company must specify:
(1) the general purpose of the company; and
(2) the proposed duration of the company.
(b) The incorporators shall file with the department:
(1) articles of incorporation for the general casualty company;
(2) a charter fee in the amount determined under Chapter 202; and
(3) an affidavit, made by two or more of the incorporators, that all of the general casualty company's stock is subscribed in good faith and fully paid for.
(c) On receipt of a filing under Subsection (b), the department shall record the articles of incorporation in records maintained for that purpose.
(d) On receipt of a fee in the amount determined under Chapter 202, the department shall provide the incorporators with a certified copy of the articles of incorporation.
(e) On receipt of a certified copy of the articles of incorporation, the general casualty company is a body politic and corporate, and the incorporators may complete organization of the company in accordance with Section 861.055.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.060, eff. April 1, 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.861.htm
- Text hash
- sha256 c01ff4b9fec2bbcc6d0b790cf7f1e84093f5713e1d245b358f5c146996848f2e
- 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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