Tex. Insurance Code § 826.003
This is the official text of Tex. Insurance Code § 826.003, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 826.003. RIGHTS AND PRIVILEGES OF RESULTING COMPANY; LAWS APPLICABLE.
Official statutory text
Except as provided by this chapter, a resulting company:
(1) may exercise only the rights and privileges of a stock insurance company; and
(2) is subject to:
(A) all of the requirements and rules imposed on stock insurance companies organized under this code; and
(B) the laws of this state relating to the regulation or supervision of insurance companies.
(1) may exercise only the rights and privileges of a stock insurance company; and
(2) is subject to:
(A) all of the requirements and rules imposed on stock insurance companies organized under this code; and
(B) the laws of this state relating to the regulation or supervision of insurance companies.
Status: in_force · Read it on the official government site
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