Tex. Ins. Code § 882.605 – Conversion on Commissioner Approval | Midpage

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Texas Statutes

§ 882.605

Tex. Ins. Code § 882.605

Conversion on Commissioner Approval

Effective Jun 1, 2003Added by Acts 2001, 77th Leg., ch. 1419

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.

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