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Tex. Insurance Code § 826.152

AMENDMENT OF POLICIES

Texas · Texas Insurance Code · Status: effective

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Tex. Insurance Code § 826.152, AMENDMENT OF POLICIES, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679180
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A converting company, by endorsement or rider approved by the commissioner and sent to the policyholder, may simultaneously with or at any time after the adoption of a conversion plan amend an insurance policy in effect to terminate a right of the holder of the policy to share in the surplus or profits of the converting company. The amendment is void if the conversion plan does not take effect.