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Current as of January 01, 2024 | Updated by Findlaw Staff
(a) Articles of incorporation of a stipulated premium company must specify:
(1) the name and place of residence of each incorporator;
(2) the name of the proposed stipulated premium company;
(3) the location of the proposed company's home office;
(4) the kinds of insurance business the proposed company will transact;
(5) the amount of the proposed company's capital stock;
(6) the number of shares of the proposed company's capital stock; and
(7) the period of the proposed company's duration, which may not exceed 500 years.
(b) The incorporators of a stipulated premium company may include other provisions in the articles of incorporation.
Cite this article: FindLaw.com - Texas Insurance Code - INS § 884.052. Articles of Incorporation - last updated January 01, 2024 | https://codes.findlaw.com/tx/insurance-code/ins-sect-884-052/
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