Tex. Ins. Code § 882.607 · Subchapter M. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY
OTHER TYPES OF CONVERSION NOT PROHIBITED.
Verbatim from the official edition
Text — Current through the 89th 2nd Called Legislative Session, 2025
This subchapter does not prohibit a mutual life insurance company from converting to a stock legal reserve life insurance company by:
(1) merger or consolidation;
(2) a total direct or assumption reinsurance agreement; or
(3) any other plan or procedure approved by the company's policyholders and the commissioner.
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 ecb5eaa55ab7641b7096bbbe3c42f2bcca1454aaabe4feaaf57631eb48f27eae
- 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.