Texas Insurance Code 825.001 – Definitions
Current as of: 2024 | Check for updates
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In this chapter:
(1) “Converting company” means a stock insurance company that converts to a mutual insurance company under this chapter.
(2) “Resulting company” means a mutual insurance company to which a stock insurance company converts under this chapter.
(3) “Stock acquisition plan” means a converting company’s plan for the acquisition of shares of its capital stock.