Texas Insurance Code
§ 829.103 — FILING OF PLAN AND RELATED DOCUMENTS WITH COMMISSIONER; COMMISSIONER'S POWERS AND DUTIES
IN § 829.103Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part B. ORGANIZATION OF REGULATED ENTITIES · Ch. 829. CONVERSION OF RECIPROCAL OR INTERINSURANCE EXCHANGE TO STOCK COMPANY THROUGH CREATION OF A MUTUAL HOLDING COMPANY · Art. C. PLAN ADOPTION AND APPROVAL
Statute text
View on source(a)Not later than the 90th day after the date on which a converting exchange's board of directors adopts a conversion plan, the converting exchange shall file with the commissioner:
(1)a copy of the conversion plan;
(2)the form of notices required by Section 829.104;
(3)the form of proxy to be solicited from eligible members under Section 829.107(a);
(4)the form of notice required by Section 829.153 to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan; and
(5)the proposed articles of incorporation of the resulting company and the mutual holding company.
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Legislative history
Added by Acts 2007, 80th Leg., R.S., Ch. 412 (S.B. 1056), Sec. 1, eff. June 15, 2007.