Tex. Ins. Code § 941.354
Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
On the commissioner's approval of the conversion plan and the formation of the capital stock insurance company, all assets, interests, obligations, and liabilities of the Lloyd's plan, including all outstanding policies and insurance obligations, are transferred to the capital stock insurance company, except as otherwise provided by this subchapter.
Tex. Ins. Code § 941.354