Texas § 882.751 AUTHORITY TO CONVERT.

Texas Statutes

§ 882.751 — AUTHORITY TO CONVERT.

Texas § 882.751

Code INInsurance Code

This text of Texas § 882.751 (AUTHORITY TO CONVERT.) 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. § 882.751 (2026).

Text

Sec. 882.751. AUTHORITY TO CONVERT. A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner:

(1)determines that the conversion is fair and equitable to the policyholders of the converting company; and

(2)approves the proposed plan of conversion.

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Sec. 882.751. AUTHORITY TO CONVERT. A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner:
(1) determines that the conversion is fair and equitable to the policyholders of the converting company; and
(2) approves the proposed plan of conversion.