Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 841.058 - Application for Charter(a) To obtain a charter for a domestic insurance company, the incorporators must pay to the department the charter fee in an amount determined under Chapter 202 and file with the department:(1) an application for charter on the form and containing the information prescribed by the commissioner;(2) the company's articles of incorporation; and(3) an affidavit made by two or more of the incorporators that states that: (A) the minimum capital and surplus requirements of Section 841.054 are satisfied;(B) the capital and surplus are the bona fide property of the company; and(C) the information in the articles of incorporation is true and correct.(b) The commissioner may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the commissioner takes further action on the application for charter.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.020, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.