Tex. Ins. Code § 884.056 · Subchapter B. FORMATION AND STRUCTURE OF STIPULATED PREMIUM INSURANCE COMPANY
APPLICATION FOR CHARTER.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a charter fee in an amount determined under Chapter 202 and file with the department:
(1) an application for charter on the form and containing the information prescribed by the department;
(2) the company's articles of incorporation; and
(3) an affidavit made by two or more of the incorporators that states that:
(A) the minimum capital and surplus requirements of Section 884.054 are satisfied;
(B) the capital and surplus is the bona fide property of the company; and
(C) the information in the application and articles of incorporation is true and correct.
(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.
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.077, 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.884.htm
- Text hash
- sha256 f09d255928351447d0377bd73644f104f488c5d6762a0104b4783c6cd6843b87
- 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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