Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 884.056 - Application for Charter(a) To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a 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 department;(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 884.054 are satisfied;(B) the capital and surplus is the bona fide property of the company; and(C) the information in the application and articles of incorporation is true and correct.(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.Amended By Acts 2007, 80th Leg., R.S., Ch. 730, Sec. 2E.077, eff. 4/1/2009.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.