Tex. Ins. Code § 825.054

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

Section 825.054 - Policyholder Eligibility

To be eligible to participate in a policyholders' meeting held to approve a stock acquisition plan, a policyholder must have insurance coverage issued by the converting company that:

(1) is in the amount of at least $1,000;

(2) is in force on the date of the policyholders' meeting; and

(3) has been in force for at least one year before the date of the policyholders' meeting.

Tex. Ins. Code § 825.054

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