Texas § 884.056 APPLICATION FOR CHARTER.

Texas Statutes

§ 884.056 — APPLICATION FOR CHARTER.

Texas § 884.056

Code INInsurance Code

This text of Texas § 884.056 (APPLICATION FOR CHARTER.) 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. § 884.056 (2026).

Text

Sec. 884.056. APPLICATION FOR CHARTER.

(a)To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a charter fee in an amount determined under Chapter 202 and file with the department:

(1)an application for charter on the form and containing the information prescribed by the department;

(2)the company's articles of incorporation; and

(3)an affidavit made by two or more of the incorporators that states that:

(A)the minimum capital and surplus requirements of Section 884.054 are satisfied;

(B)the capital and surplus is the bona fide property of the company; and

(C)the information in the application and articles of incorporation is true and correct.

(b)The department may require that the incorporators provide at their expense additional evide

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Sec. 884.056. APPLICATION FOR CHARTER. (a) To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a charter fee in an amount determined under Chapter 202 and file with the department:
(1) an application for charter on the form and containing the information prescribed by the department;
(2) the company's articles of incorporation; and
(3) an affidavit made by two or more of the incorporators that states that:
(A) the minimum capital and surplus requirements of Section 884.054 are satisfied;
(B) the capital and surplus is the bona fide property of the company; and
(C) the information in the application and articles of incorporation is true and correct.
(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.

Legislative History

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636 ), Sec. 2E.077, eff. April 1, 2009.