Tex. Insurance Code § 882.052
This is the official text of Tex. Insurance Code § 882.052, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.052. FORMATION OF COMPANY; ARTICLES OF INCORPORATION.
Official statutory text
(a) Nine or more persons who are residents of this state may form a mutual life insurance company by executing and acknowledging articles of incorporation for that purpose.
(b) The articles of incorporation of the proposed company must state:
(1) the name and residence of each incorporator;
(2) the name of the company;
(3) the location of the company's principal office at which company business is to be transacted;
(4) the number of directors;
(5) the name and residence of each initial director; and
(6) the amount of the company's unencumbered surplus.
(b) The articles of incorporation of the proposed company must state:
(1) the name and residence of each incorporator;
(2) the name of the company;
(3) the location of the company's principal office at which company business is to be transacted;
(4) the number of directors;
(5) the name and residence of each initial director; and
(6) the amount of the company's unencumbered surplus.
Status: in_force · Read it on the official government site
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