Section 829.002 - Authority to Convert Through Creation of A Mutual Holding Company(a) An exchange may reorganize by converting to a stock insurance company and forming a mutual holding company to hold, directly or indirectly, shares of the resulting company or intermediate holding company in accordance with this chapter.(b) A converting exchange may not engage in the business of insurance as a stock insurance company until it complies with the requirements of this chapter.Added by Acts 2007, 80th Leg., R.S., Ch. 412, Sec. 1, eff. 6/15/2007.