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2025 Texas Statutes
Insurance Code
Title 6 - Organization of Insurers and Related Entities
Subtitle E - Mutual and Fraternal Companies and Related Entities
Chapter 882 - Mutual Life Insurance Companies
Subchapter M. Conversion of Mutual Life Insurance Company to Stock Legal Reserve Life Insurance Company
Section 882.607. Other Types of Conversion Not Prohibited
Universal Citation:
TX Ins Code § 882.607 (2025)
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Sec. 882.607. OTHER TYPES OF CONVERSION NOT PROHIBITED. This subchapter does not prohibit a mutual life insurance company from converting to a stock legal reserve life insurance company by:
(1) merger or consolidation;
(2) a total direct or assumption reinsurance agreement; or
(3) any other plan or procedure approved by the company's policyholders and the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
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