Tex. Insurance Code § 941.355
This is the official text of Tex. Insurance Code § 941.355, part of Texas’s Insurance Code — regulates insurance companies and the policies they sell.
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§ 941.355. CONVERSION OF MEMBER OF HOLDING COMPANY SYSTEM.
Official statutory text
If the Lloyd's plan is a member of a holding company system identified in registration information that the Lloyd's plan filed with the department in accordance with Chapter 823, the rights and interests of the underwriters in the capital stock insurance company may be assigned at the time of conversion to any affiliated person in that holding company system. An assignment under this subsection is not:
(1) a change in control for the purposes of Section 822.212; or
(2) an acquisition of control for the purposes of Chapter 823.
(1) a change in control for the purposes of Section 822.212; or
(2) an acquisition of control for the purposes of Chapter 823.
Status: in_force · Read it on the official government site
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