Formation of Company

Sec. 841.051. FORMATION OF COMPANY. (a) Three or more residents of this state may form: (1) a life insurance company; (2) an accident insurance company; (3) a life and accident insurance company; (4) a health and accident insurance company; or (5) a life, health, and accident insurance company. (b) To form a domestic insurance company: (1) each incorporator must sign and acknowledge the articles of incorporation of the company; and (2) the incorporators must file the articles of incorporation with the department. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.