Tex. Insurance Code § 822.157
ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER AMENDMENT
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 822.157, ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER AMENDMENT, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/678995
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Full text
(a) The commissioner may hold a hearing on an application for a charter amendment. If the commissioner determines to hold a hearing on the application, the commissioner, after the items required for the charter amendment are filed with the commissioner, shall set a date for the hearing and publish notice of the hearing in one or more daily newspapers of this state.
(b) The commissioner may not require a hearing for an amendment relating to one or more of the following issues:
(1) a stock dividend resulting from a legal transfer of surplus to capital;
(2) a change in the name of the insurance company; or
(3) a change in the location of the insurance company's principal business office.