Sec. 826.003. RIGHTS AND PRIVILEGES OF RESULTING COMPANY; LAWS APPLICABLE. Except as provided by this chapter, a resulting company: (1) may exercise only the rights and privileges of a stock insurance company; and (2) is subject to: (A) all of the requirements and rules imposed on stock insurance companies organized under this code; and (B) the laws of this state relating to the regulation or supervision of insurance companies.
‹ Prev All Texas sections Next ›
Lexace provides legal information, not legal advice, and no attorney–client relationship is created. Statute text is provided for general information and may not reflect the most recent amendments; verify against the official state code.