A domestic mutual insurance company may not engage in the business of insurance until:
(1) the company obtains a charter as provided by Chapter 822; and
(2) the commissioner issues to the company a certificate of authority for that purpose.
CHARTER AND CERTIFICATE OF AUTHORITY REQUIRED
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff
A domestic mutual insurance company may not engage in the business of insurance until:
(1) the company obtains a charter as provided by Chapter 822; and
(2) the commissioner issues to the company a certificate of authority for that purpose.
Official source: Texas Constitution and Statutes. Reproduced from public-domain Texas statutes; confirm against the official source for the current text. Not legal advice.