{"data":{"id":"us-tx/tex.-insurance-code-882.607","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.607","heading":"OTHER TYPES OF CONVERSION NOT PROHIBITED.","body":"This subchapter does not prohibit a mutual life insurance company from converting to a stock legal reserve life insurance company by:\n(1) merger or consolidation;\n(2) a total direct or assumption reinsurance agreement; or\n(3) any other plan or procedure approved by the company's policyholders and the commissioner.\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#882.607","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"237940510d330826d228dc5205913586378a7f10b627931b0e7996f221a6c923","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.606","next":"us-tx/tex.-insurance-code-882.651"},"notice":"GroundRules: Original legal text. Not legal advice."}