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Texas Insurance Code - INS § 882.601. Authority to Convert to Stock Legal Reserve Life Insurance Company;  Policyholder Authorization Required

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

A mutual life insurance company organized under this chapter may convert to a stock legal reserve life insurance company as provided by this subchapter only if the conversion is approved by the policyholders by a vote of at least two-thirds of the votes cast by the policyholders in person or by proxy at a meeting called for that purpose.

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Cite this article: FindLaw.com - Texas Insurance Code - INS § 882.601. Authority to Convert to Stock Legal Reserve Life Insurance Company;  Policyholder Authorization Required - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-882-601/

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