Texas Insurance Code

§ 841.058 — APPLICATION FOR CHARTER

IN § 841.058Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES · Ch. 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES · Art. B. FORMATION AND STRUCTURE OF DOMESTIC COMPANIES

Statute text

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(a)To obtain a charter for a domestic insurance company, the incorporators must pay to the department the charter fee in an amount determined under Chapter 202 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 articles of incorporation; and

(3)an affidavit made by two or more of the incorporators that states that:

(A)the minimum capital and surplus requirements of Section 841.054 are satisfied;

(B)the capital and surplus are the bona fide property of the company; and

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Legislative history

Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.020, eff. April 1, 2009.