Tex. Ins. Code § 882.101 · Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS
ISSUANCE OF CERTIFICATE OF AUTHORITY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the examination of a mutual life insurance company under Section 882.059, the commissioner shall issue a certificate of authority to the company if the commissioner finds that:
(1) the company has complied with all applicable laws;
(2) the company satisfies the unencumbered surplus requirements of Section 882.055; and
(3) the company's unencumbered surplus is in the custody of the company's officers.
(b) A certificate of authority issued under this section authorizes the company to engage in the business of life, health, or accident insurance in this state as may be specified in the company's charter or charter application.
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.882.htm
- Text hash
- sha256 a01bfaf22a40fb8a7ed62859da74fbb7e49ad729df648a869cbecba3115a0324
- 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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