Texas Insurance Code

§ 822.057 — APPLICATION FOR CHARTER

IN § 822.057Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 822. GENERAL INCORPORATION AND REGULATORY REQUIREMENTS FOR INSURANCE COMPANIES OTHER THAN LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES · Art. B. FORMATION AND STRUCTURE OF COMPANY

Statute text

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(a)To obtain a charter for an insurance company, the incorporators must pay to the department the fees prescribed by law and file with the department:

(1)an application for charter on the form and containing the information prescribed by the commissioner;

(2)the company's proposed articles of incorporation;

(3)an affidavit made by the incorporators or officers of the company that states that:

(A)the capital and surplus is the bona fide property of the company; and

(B)the information in the articles of incorporation is true and correct; and

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Legislative history

Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 4, eff. June 19, 2009. Acts 2009, 81st Leg., R.S., Ch. 1022 (H.B. 4291), Sec. 19(1), eff. June 19, 2009.