Tex. Ins. Code § 826.003

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

Section 826.003 - Rights and Privileges of Resulting Company; Laws Applicable

Except as provided by this chapter, a resulting company:

(1) may exercise only the rights and privileges of a stock insurance company; and

(2) is subject to:

(A) all of the requirements and rules imposed on stock insurance companies organized under this code; and

(B) the laws of this state relating to the regulation or supervision of insurance companies.

Tex. Ins. Code § 826.003

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