Section 882.605. Conversion on Commissioner Approval

TX Ins Code § 882.605 (2019) (N/A)
Copy with citation
Copy as parenthetical citation

Sec. 882.605. CONVERSION ON COMMISSIONER APPROVAL. 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.