Texas Insurance Code

§ 882.051 — AUTHORITY TO FORM COMPANY; PURPOSE

IN § 882.051Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. B. FORMATION AND STRUCTURE OF MUTUAL LIFE INSURANCE COMPANY

Statute text

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A mutual life insurance company may be formed under this chapter to insure the lives of individuals on the mutual level premium and legal reserve plan.

Legislative history

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