Texas · Through 89th 2nd Called Legislative Session, 2025

Tex. Insurance Code § 941.354: COMMISSIONER APPROVAL OF CONVERSION PLAN.

Where this section sits in the code

INSURANCE CODE
TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES
SUBTITLE G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES
CHAPTER 941. LLOYD'S PLAN
SUBCHAPTER H. CONVERSION TO CAPITAL STOCK INSURANCE COMPANY

On the commissioner's approval of the conversion plan and the formation of the capital stock insurance company, all assets, interests, obligations, and liabilities of the Lloyd's plan, including all outstanding policies and insurance obligations, are transferred to the capital stock insurance company, except as otherwise provided by this subchapter.

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Collected 2026-08-27T01:47:21Z. Source file · JSON

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