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Texas Insurance Code - INS § 822.157. Action by Commissioner After Filing of Application for Charter Amendment

Current as of January 01, 2024 | Updated by Findlaw Staff

(a) The commissioner may hold a hearing on an application for a charter amendment.  If the commissioner determines to hold a hearing on the application, the commissioner, after the items required for the charter amendment are filed with the commissioner, shall set a date for the hearing and publish notice of the hearing in one or more daily newspapers of this state.

(b) The commissioner may not require a hearing for an amendment relating to one or more of the following issues:

(1) a stock dividend resulting from a legal transfer of surplus to capital;

(2) a change in the name of the insurance company;  or

(3) a change in the location of the insurance company's principal business office.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 822.157. Action by Commissioner After Filing of Application for Charter Amendment - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-822-157/

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