Ask an insurance law question, get an answer ASAP!
Click here to chat with a lawyer about your rights.

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 § 826.054(a);
(2) the form of notice required by § 826.104;
(3) the form of proxy to be solicited from eligible members under § 826.107(a);
(4) the form of notice required by § 826.151 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; and
(7) any other information requested by the commissioner.