Tex. Ins. Code Section 911.055
Application for Permit to Solicit Insurance

(a)

At least 10 residents described by Section 911.054 (Charter and Articles of Incorporation)(a) that want to form a farm mutual insurance company may apply to the department for a permit to solicit insurance on the mutual or cooperative plan.

(b)

The application for a permit to solicit insurance must:

(1)

state:

(A)

that at least 100 individuals are members of an association described by Section 911.053 (Incorporation Requirements)(b)(1);

(B)

that the association has indicated, by majority vote, that the association wants to:
(i)
insure property of the association’s members under this chapter; and
(ii)
be chartered as a farm mutual insurance company;

(C)

the name of the company, which must include the words “Farm Mutual” or “Farmers Mutual”;

(D)

the location of the company’s principal office;

(E)

the risks the company proposes to insure; and

(F)

the names and places of residence of at least 10 of the applicants; and

(2)

be accompanied by:

(A)

affidavits of at least two of the applicants, each of whom must:
(i)
state the applicant’s name and residence; and
(ii)
verify the facts stated in the application; and

(B)

a filing fee in the amount of $25.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Source: Section 911.055 — Application for Permit to Solicit Insurance, https://statutes.­capitol.­texas.­gov/Docs/IN/htm/IN.­911.­htm#911.­055 (accessed Jun. 5, 2024).

911.001
Limited Exemption from Insurance Laws 911.002
General Rulemaking Authority 911.003
Fees 911.051
Applicability of Texas Non-profit Corporation Act 911.052
Formation of Company: Incorporation Required 911.053
Incorporation Requirements 911.054
Charter and Articles of Incorporation 911.055
Application for Permit to Solicit Insurance 911.056
Issuance of Permit to Solicit Insurance 911.057
Collection and Refund of Money from Certain Individuals Applying for Insurance 911.058
Membership Control of Company 911.059
Eligibility of Board of Directors 911.060
General Powers of Board of Directors 911.061
Authority to Borrow Money 911.062
Removal of Officer or Director 911.063
Creation of Local Chapters and Districts 911.064
Policyholder Meetings 911.065
Voting by Policyholder 911.066
Authority to Prohibit Waiver of Bylaws 911.067
Application for Extension of Charter for Certain Companies 911.101
Authority to Engage in Business 911.151
Kinds of Insurance Authorized 911.152
Property and Hazards Against Which Company May Not Insure 911.153
Contract Terms: Incorporation of Bylaws 911.154
Contract Terms: Adoption of Additional Provisions 911.155
Repair or Replacement of Insured Property 911.201
Payment of Premium or Assessment 911.202
Nonpayment of Premiums or Assessments: Filing of Action 911.203
Policyholder Liability 911.251
Licensing and Appointment of Certain Agents 911.301
General Operating Requirements 911.302
Location of Business 911.303
Reinsurance 911.304
Annual Reports Required 911.305
Examination of Company 911.306
Solvency Requirements 911.307
Reserve Requirements 911.308
Surplus Requirements
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Accessed:
Jun. 5, 2024

§ 911.055’s source at texas​.gov