Texas Insurance Code
§ 884.051 — FORMATION OF COMPANY
IN § 884.051Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 884. STIPULATED PREMIUM INSURANCE COMPANIES · Art. B. FORMATION AND STRUCTURE OF STIPULATED PREMIUM INSURANCE COMPANY
Statute text
View on source(a)Five or more, but not more than 35, residents of this state may form a stipulated premium company.
(b)To form a stipulated premium company:
(1)each incorporator must sign and acknowledge the articles of incorporation of the company; and
(2)the incorporators must file the articles of incorporation with the department.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.