Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 826.002 - Authority to Convert to Stock Insurance Company(a) A mutual insurance company may convert to a stock insurance company.(b) A converting company may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.
Tex. Ins. Code § 826.002
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.