Authority To Form Company; Purpose

Tex. Insurance Code § 882.051, under Chapter 882.

Tex. Insurance Code § 882.051

Sec. 882.051. AUTHORITY TO FORM COMPANY; PURPOSE. A mutual life insurance company may be formed under this chapter to insure the lives of individuals on the mutual level premium and legal reserve plan. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.