Texas Insurance Code

§ 841.405 — APPLICATION FOR CERTIFICATE OF AUTHORITY

IN § 841.405Title 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. I. LIMITED PURPOSE SUBSIDIARY LIFE INSURANCE COMPANIES

Statute text

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To obtain a charter for a limited purpose subsidiary life insurance company, the incorporators of the company shall pay to the department a charter fee in an amount determined under Chapter 202 and file with the department:

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

(2)the company's articles of incorporation;

(3)an affidavit made by the company's president, vice president, treasurer, or chief financial officer stating that:

(A)the minimum capital and surplus requirements of this subchapter are satisfied;

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

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Legislative history

Added by Acts 2011, 82nd Leg., R.S., Ch. 1173 (H.B. 3161), Sec. 1, eff. June 17, 2011.