Tex. Ins. Code § 911.055 · Subchapter B. ORGANIZATION OF FARM MUTUAL INSURANCE COMPANY; DIRECTORS
APPLICATION FOR PERMIT TO SOLICIT INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) At least 10 residents described by Section 911.054(a) that want to form a farm mutual insurance company may apply to the department for a permit to solicit insurance on the mutual or cooperative plan.
(b) The application for a permit to solicit insurance must:
(1) state:
(A) that at least 100 individuals are members of an association described by Section 911.053(b)(1);
(B) that the association has indicated, by majority vote, that the association wants to:
(i) insure property of the association's members under this chapter; and
(ii) be chartered as a farm mutual insurance company;
(C) the name of the company, which must include the words "Farm Mutual" or "Farmers Mutual";
(D) the location of the company's principal office;
(E) the risks the company proposes to insure; and
(F) the names and places of residence of at least 10 of the applicants; and
(2) be accompanied by:
(A) affidavits of at least two of the applicants, each of whom must:
(i) state the applicant's name and residence; and
(ii) verify the facts stated in the application; and
(B) a filing fee in the amount of $25.
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.911.htm
- Text hash
- sha256 6882f3e795290018353c3ac329c540a804c2c12b92ff9bfd25f78df6464b7a2a
- 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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