Tex. Ins. Code § 882.751 · Subchapter P. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO INSURANCE HOLDING COMPANY AND STOCK LIFE INSURANCE COMPANY
AUTHORITY TO CONVERT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner:
(1) determines that the conversion is fair and equitable to the policyholders of the converting company; and
(2) approves the proposed plan of conversion.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 82 (S.B. 449), Sec. 1, eff. September 1, 2005.
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 bec10b7fc59a1ec5b14e9da20b383d642d1f70c82d5c24f1fbc44d26ad3670c5
- 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.