Tex. Insurance Code § 822.157
This is the official text of Tex. Insurance Code § 822.157, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 822.157. ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER AMENDMENT.
Official statutory text
(a) The commissioner may hold a hearing on an application for a charter amendment. If the commissioner determines to hold a hearing on the application, the commissioner, after the items required for the charter amendment are filed with the commissioner, shall set a date for the hearing and publish notice of the hearing in one or more daily newspapers of this state.
(b) The commissioner may not require a hearing for an amendment relating to one or more of the following issues:
(1) a stock dividend resulting from a legal transfer of surplus to capital;
(2) a change in the name of the insurance company; or
(3) a change in the location of the insurance company's principal business office.
(b) The commissioner may not require a hearing for an amendment relating to one or more of the following issues:
(1) a stock dividend resulting from a legal transfer of surplus to capital;
(2) a change in the name of the insurance company; or
(3) a change in the location of the insurance company's principal business office.
Status: in_force · Read it on the official government site
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