{"data":{"id":"us-tx/tex.-insurance-code-881.051","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 881.051","heading":"AUTHORITY TO ACT AS STATEWIDE MUTUAL ASSESSMENT COMPANY.","body":"A corporation may engage in business as a statewide mutual assessment company only if the corporation:\n(1) was incorporated in this state under a law that was amended, repealed, or reenacted before June 20, 1933;\n(2) was engaged in business as a statewide mutual assessment company in this state on December 31, 1932;\n(3) does not have capital stock; and\n(4) is not for profit.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 881. STATEWIDE MUTUAL ASSESSMENT COMPANIES","SUBCHAPTER B. STRUCTURE AND OPERATION OF STATEWIDE MUTUAL ASSESSMENT COMPANIES"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.881.htm#881.051","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"c97ab095a5113313214fe5ee2831822c5188ab9bbb0080db46f2d9c2c936a4b7","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-881.006","next":"us-tx/tex.-insurance-code-881.052"},"notice":"GroundRules: Original legal text. Not legal advice."}