Tex. Ins. Code Section 826.101
Plan Information Filed with Commissioner; Commissioner Powers and Duties

Not later than the 90th day after the date on which a converting company’s board of directors adopts a conversion plan, the company shall file with the commissioner:

(1)

a copy of the documents relating to the conversion plan, including the valuation required by Section 826.054 (Purchase Price of Capital Stock)(a);

(2)

the form of notice required by Section 826.104 (Notice to Eligible Members; Comments);

(3)

the form of proxy to be solicited from eligible members under Section 826.107 (Election; Approval of Plan; Adoption of Amended or Restated Articles of Incorporation)(a);

(4)

the form of notice required by Section 826.151 (Rights of Members Whose Policies Are Issued After Adoption of Conversion Plan but Before Effective Date) to persons whose policies are issued after adoption of the conversion plan but before the effective date of the conversion plan;

(5)

the proposed amended or restated articles of incorporation of the resulting company;

(6)

a statement regarding acquisition of control, if applicable, as required by Chapter 823 (Insurance Holding Company Systems); and

(7)

any other information requested by the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 826.101 — Plan Information Filed with Commissioner; Commissioner Powers and Duties, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­826.­htm#826.­101 (accessed Jun. 5, 2024).

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Accessed:
Jun. 5, 2024

§ 826.101’s source at texas​.gov