Tex. Insurance Code § 882.751
This is the official text of Tex. Insurance Code § 882.751, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 882.751. AUTHORITY TO CONVERT.
Official statutory text
A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner:
(1) determines that the conversion is fair and equitable to the policyholders of the converting company; and
(2) approves the proposed plan of conversion.
(1) determines that the conversion is fair and equitable to the policyholders of the converting company; and
(2) approves the proposed plan of conversion.
Status: in_force · Read it on the official government site
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