Tex. Ins. Code § 825.001

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 825.001 - Definitions

In this chapter:

(1) "Converting company" means a stock insurance company that converts to a mutual insurance company under this chapter.

(2) "Resulting company" means a mutual insurance company to which a stock insurance company converts under this chapter.

(3) "Stock acquisition plan" means a converting company's plan for the acquisition of shares of its capital stock.

Tex. Ins. Code § 825.001

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.