Texas Insurance Code

§ 882.605 — CONVERSION ON COMMISSIONER APPROVAL

IN § 882.605Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 882. MUTUAL LIFE INSURANCE COMPANIES · Art. M. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY

Statute text

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A mutual life insurance company is converted to a stock legal reserve life insurance company if:

(1)the company complies with this subchapter; and

(2)after hearing, the conversion is approved by the commissioner.

Legislative history

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