Texas Insurance Code

§ 825.001 — DEFINITIONS

IN § 825.001Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 825. CONVERSION OF STOCK INSURANCE COMPANY TO MUTUAL INSURANCE COMPANY · Art. A. GENERAL PROVISIONS

Statute text

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In this chapter:

(1)"Converting company" means a stock insurance company that converts to a mutual insurance company under this chapter.

(2)"Resulting company" means a mutual insurance company to which a stock insurance company converts under this chapter.

(3)"Stock acquisition plan" means a converting company's plan for the acquisition of shares of its capital stock.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.