(a) A mutual insurance company may convert to a stock insurance company.
(b) A converting company may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Tex. Ins. Code § 826.002
AUTHORITY TO CONVERT TO STOCK INSURANCE COMPANY
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.