Authorization To Convert Or Reinsure

Tex. Insurance Code § 887.451, under Provisions Applicable To Certain Mutual Assessment Companies.

Tex. Insurance Code § 887.451

Sec. 887.451. AUTHORIZATION TO CONVERT OR REINSURE. Subject to the requirements of this subchapter, an association may convert or reinsure itself to a legal reserve insurance company operating under Chapter 882. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.