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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Articles of incorporation of a proposed domestic insurance company must state:
(1) the name of the company;
(2) the location of the company's home office;
(3) the kinds of insurance business in which the company proposes to engage;
(4) the name and place of residence of each incorporator;
(5) the amount of the company's capital stock;
(6) the number of shares of the company's capital stock;
(7) the amount of the company's surplus; and
(8) the period of the company's duration, which may be perpetual.
(b) The incorporators of a domestic insurance company may include in the articles of incorporation other provisions that are not inconsistent with law.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 841.052. Articles of Incorporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-841-052/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature before relying on it for your legal needs.
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