Texas Insurance Code

§ 883.102 — CHARTER AND CERTIFICATE OF AUTHORITY REQUIRED

IN § 883.102Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 883. MUTUAL INSURANCE COMPANIES OTHER THAN MUTUAL LIFE INSURANCE COMPANIES · Art. C. AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE

Statute text

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A domestic mutual insurance company may not engage in the business of insurance until:

(1)the company obtains a charter as provided by Chapter 822; and

(2)the commissioner issues to the company a certificate of authority for that purpose.

Legislative history

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