Texas Insurance Code - INS § 826.202. Commissioner Powers and Duties;  Approval

(a) The commissioner shall review the proposed plan of reorganization as an alternate conversion plan under Section 826.061.  The commissioner may require as a condition of approval modifications of the proposed plan of reorganization that the commissioner determines necessary to protect the members' interests.

(b) The commissioner may retain a qualified expert as provided by Section 826.102(e).

(c) The commissioner has jurisdiction over a mutual holding company organized under this subchapter to ensure that member interests are protected.