Tex. Insurance Code § 841.058
APPLICATION FOR CHARTER
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 841.058, APPLICATION FOR CHARTER, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679284
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Full text
(a) To obtain a charter for a domestic insurance company, the incorporators must pay to the department the charter fee in an amount determined under Chapter 202 and file with the department:
(1) an application for charter on the form and containing the information prescribed by the commissioner;
(2) the company's articles of incorporation; and
(3) an affidavit made by two or more of the incorporators that states that:
(A) the minimum capital and surplus requirements of Section 841.054 are satisfied;
(B) the capital and surplus are the bona fide property of the company; and
(C) the information in the articles of incorporation is true and correct.
(b) The commissioner may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the commissioner takes further action on the application for charter.