§ 887.501 Applicability of Subchapter
§ 887.502 Authorization to Convert
§ 887.503 Approval by Membership
§ 887.504 Amendment of Charter or Articles of Association Required
§ 887.505 Exchange of Insurance Certificates; Reserves
§ 887.506 Completion of Conversion
§ 887.507 Legal Effect of Conversion
§ 887.508 Exemption From Capital and Surplus Requirements
§ 887.509 Limits On Operation of Converted Association
§ 887.510 Increase of Capital and Surplus Required
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Terms Used In Texas Insurance Code Chapter 887 > Subchapter K - Conversion to Stock Legal Reserve Life Insurance Company

  • Decedent: A deceased person.
  • Fiscal year: The fiscal year is the accounting period for the government. For the federal government, this begins on October 1 and ends on September 30. The fiscal year is designated by the calendar year in which it ends; for example, fiscal year 2006 begins on October 1, 2005 and ends on September 30, 2006.
  • Intestate: Dying without leaving a will.
  • Obligation: An order placed, contract awarded, service received, or similar transaction during a given period that will require payments during the same or a future period.
  • sworn: includes affirm or affirmed. See Texas Government Code 312.011
  • Testate: To die leaving a will.
  • Year: means 12 consecutive months. See Texas Government Code 311.005