Tex. Insurance Code § 826.152
This is the official text of Tex. Insurance Code § 826.152, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 826.152. AMENDMENT OF POLICIES.
Official statutory text
A converting company, by endorsement or rider approved by the commissioner and sent to the policyholder, may simultaneously with or at any time after the adoption of a conversion plan amend an insurance policy in effect to terminate a right of the holder of the policy to share in the surplus or profits of the converting company. The amendment is void if the conversion plan does not take effect.
Status: in_force · Read it on the official government site
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