Texas Insurance Code

§ 826.101 — PLAN INFORMATION FILED WITH COMMISSIONER; COMMISSIONER POWERS AND DUTIES

IN § 826.101Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 826. CONVERSION OF MUTUAL INSURANCE COMPANY TO STOCK INSURANCE COMPANY · Art. C. ADOPTION OF CONVERSION PLAN

Statute text

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Not later than the 90th day after the date on which a converting company's board of directors adopts a conversion plan, the company shall file with the commissioner:

(1)a copy of the documents relating to the conversion plan, including the valuation required by Section 826.054(a);

(2)the form of notice required by Section 826.104;

(3)the form of proxy to be solicited from eligible members under Section 826.107(a);

(4)the form of notice required by Section 826.151 to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan;

(5)the proposed amended or restated articles of incorporation of the resulting company;

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Legislative history

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