Tex. Insurance Code § 825.054
POLICYHOLDER ELIGIBILITY
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 825.054, POLICYHOLDER ELIGIBILITY, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679140
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Full text
To be eligible to participate in a policyholders' meeting held to approve a stock acquisition plan, a policyholder must have insurance coverage issued by the converting company that:
(1) is in the amount of at least $1,000;
(2) is in force on the date of the policyholders' meeting; and
(3) has been in force for at least one year before the date of the policyholders' meeting.