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.
Tex. Ins. Code § 882.605
CONVERSION ON COMMISSIONER APPROVAL
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.