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Texas Insurance Code - INS § 825.054. Policyholder Eligibility

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

To be eligible to participate in a policyholders' meeting held to approve a stock acquisition plan, a policyholder must have insurance coverage issued by the converting company that:

(1) is in the amount of at least $1,000;

(2) is in force on the date of the policyholders' meeting; and

(3) has been in force for at least one year before the date of the policyholders' meeting.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 825.054. Policyholder Eligibility - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-825-054/

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