Tex. Insurance Code § 884.056
This is the official text of Tex. Insurance Code § 884.056, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 884.056. APPLICATION FOR CHARTER.
Official statutory text
(a) To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a charter fee in an amount determined under Chapter 202 and file with the department:
(1) an application for charter on the form and containing the information prescribed by the department;
(2) the company's articles of incorporation; and
(3) an affidavit made by two or more of the incorporators that states that:
(A) the minimum capital and surplus requirements of Section 884.054 are satisfied;
(B) the capital and surplus is the bona fide property of the company; and
(C) the information in the application and articles of incorporation is true and correct.
(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.
(1) an application for charter on the form and containing the information prescribed by the department;
(2) the company's articles of incorporation; and
(3) an affidavit made by two or more of the incorporators that states that:
(A) the minimum capital and surplus requirements of Section 884.054 are satisfied;
(B) the capital and surplus is the bona fide property of the company; and
(C) the information in the application and articles of incorporation is true and correct.
(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.
Status: in_force · Read it on the official government site
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