Tex. Ins. Code § 884.555 · Subchapter L. DIRECT REINSURANCE AGREEMENTS WITH MUTUAL ASSESSMENT COMPANIES
MEMBERS MEETING; NOTICE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) After the department approves a proposed direct reinsurance agreement, the board of directors of the mutual assessment company shall:
(1) call a meeting of the company's members in accordance with the company's bylaws for voting on ratification of the direct reinsurance agreement; and
(2) mail to each member:
(A) a copy of the proposed agreement; and
(B) a copy of the notice of the meeting.
(b) The meeting may not be held before the 16th day after the date on which the copies are mailed under Subsection (a)(2).
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.884.htm
- Text hash
- sha256 376b3f67f1ae7ef3970b113b31bddc5c66b1a5825c11ee6111056f7f03909f50
- 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
Cited by 1 provision
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