Tex. Ins. Code § 941.355 · Subchapter H. CONVERSION TO CAPITAL STOCK INSURANCE COMPANY
CONVERSION OF MEMBER OF HOLDING COMPANY SYSTEM.
Text — Current through the 89th 2nd Called Legislative Session, 2025
If the Lloyd's plan is a member of a holding company system identified in registration information that the Lloyd's plan filed with the department in accordance with Chapter 823, the rights and interests of the underwriters in the capital stock insurance company may be assigned at the time of conversion to any affiliated person in that holding company system. An assignment under this subsection is not:
(1) a change in control for the purposes of Section 822.212; or
(2) an acquisition of control for the purposes of Chapter 823.
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.941.htm
- Text hash
- sha256 81b435a11631ebed9019f681fd6273c670ec4b487d6ad1359c6e359f2f65cfaf
- 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
This section cites
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