Texas § 828.001 AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE.

Texas Statutes

§ 828.001 — AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE.

Texas § 828.001

Code INInsurance Code

This text of Texas § 828.001 (AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE.) is published on Counsel Stack Legal Research, covering Texas primary law. Counsel Stack provides free access to over 12 million legal documents including statutes, case law, regulations, and constitutions.

Bluebook

Tex. Insurance Code Code Ann. § 828.001 (2026).

Text

Sec. 828.001. AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE. This code does not affect the right of a life insurance company organized or operating under Chapter 841 , 882 , or 982 to purchase or contract to purchase all or part of the outstanding shares of another domestic or foreign life insurance company that engages in a similar line of business in order to:

(1)reinsure all of the other company's business;

(2)assume all of the other company's liabilities; and

(3)take over all of the other company's assets.

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Sec. 828.001. AUTHORITY TO PURCHASE STOCK FOR TOTAL ASSUMPTION REINSURANCE. This code does not affect the right of a life insurance company organized or operating under Chapter 841 , 882 , or 982 to purchase or contract to purchase all or part of the outstanding shares of another domestic or foreign life insurance company that engages in a similar line of business in order to:
(1) reinsure all of the other company's business;
(2) assume all of the other company's liabilities; and
(3) take over all of the other company's assets.