Articles of Incorporation

Sec. 884.052. ARTICLES OF INCORPORATION. (a) Articles of incorporation of a stipulated premium company must specify: (1) the name and place of residence of each incorporator; (2) the name of the proposed stipulated premium company; (3) the location of the proposed company's home office; (4) the kinds of insurance business the proposed company will transact; (5) the amount of the proposed company's capital stock; (6) the number of shares of the proposed company's capital stock; and (7) the period of the proposed company's duration, which may not exceed 500 years. (b) The incorporators of a stipulated premium company may include other provisions in the articles of incorporation. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.