Tex. Insurance Code § 882.563
This is the official text of Tex. Insurance Code § 882.563, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.563. EFFECT OF MERGER OR CONSOLIDATION ON PROPERTY.
Official statutory text
On the effective date of a merger or consolidation under this subchapter, the property rights, including any right of recovery, of each company that is a party to the merger or consolidation are transferred to the new or surviving life insurance company resulting from the merger or consolidation without a deed or other transfer.
Status: in_force · Read it on the official government site
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