AUTHORITY TO CONVERT.

Tex. INS Code § 882.751.
in effect
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A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner: (1) determines that the conversion is fair and equitable to the policyholders of the converting company; and (2) approves the proposed plan of conversion. Added by Acts 2005, 79th Leg., Ch. 82 (S.B. 449 ), Sec. 1, eff. September 1, 2005.
Source: TX Statutes (Official Site)URL: https://statutes.capitol.texas.gov/Fetched: 6/29/2026

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Tex. INS Code § 882.751. — AUTHORITY TO CONVERT | Texas Statutes | Corpus