Tex. Insurance Code § 882.607
OTHER TYPES OF CONVERSION NOT PROHIBITED
Texas · Texas Insurance Code · Status: effective
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- Citation
- Tex. Insurance Code § 882.607, OTHER TYPES OF CONVERSION NOT PROHIBITED, Texas, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/679899
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Full text
This subchapter does not prohibit a mutual life insurance company from converting to a stock legal reserve life insurance company by:
(1) merger or consolidation;
(2) a total direct or assumption reinsurance agreement; or
(3) any other plan or procedure approved by the company's policyholders and the commissioner.