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Texas Insurance Code - INS § 882.052. Formation of Company;  Articles of Incorporation

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

(a) Nine or more persons who are residents of this state may form a mutual life insurance company by executing and acknowledging articles of incorporation for that purpose.

(b) The articles of incorporation of the proposed company must state:

(1) the name and residence of each incorporator;

(2) the name of the company;

(3) the location of the company's principal office at which company business is to be transacted;

(4) the number of directors;

(5) the name and residence of each initial director;  and

(6) the amount of the company's unencumbered surplus.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 882.052. Formation of Company;  Articles of Incorporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-882-052/

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