{"data":{"id":"us-tx/tex.-insurance-code-882.603","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.603","heading":"CAPITAL AND SURPLUS REQUIREMENTS.","body":"(a) The capital and surplus of the converted stock legal reserve life insurance company must be at least equal to the minimum capital and surplus required for the organization of a stock legal reserve life insurance company under Chapter 841.\n(b) If a contribution of United States currency is necessary to meet the capital and surplus requirements of this section, the contribution must be made before the effective date of the conversion.\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 882. MUTUAL LIFE INSURANCE COMPANIES","SUBCHAPTER M. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO STOCK LEGAL RESERVE LIFE INSURANCE COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.603","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"61e32b2093a622f7fb3577456aba0317972475feed4c5b9cdf77805cdbb36cdf","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.602","next":"us-tx/tex.-insurance-code-882.604"},"notice":"GroundRules: Original legal text. Not legal advice."}