{"data":{"id":"us-tx/tex.-insurance-code-882.751","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 882.751","heading":"AUTHORITY TO CONVERT.","body":"A mutual life insurance company organized or operating under this chapter may convert by forming an insurance holding company based on a mutual plan and continuing the corporate existence of the converting mutual life insurance company as a stock life insurance company if the commissioner:\n(1) determines that the conversion is fair and equitable to the policyholders of the converting company; and\n(2) approves the proposed plan of conversion.\nAdded by Acts 2005, 79th Leg., Ch. 82 (S.B. 449), Sec. 1, eff. September 1, 2005.","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 P. CONVERSION OF MUTUAL LIFE INSURANCE COMPANY TO INSURANCE HOLDING COMPANY AND STOCK LIFE INSURANCE COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.882.htm#882.751","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"397f29a1b108af3c11e123a37f726c3915b33f91f22947815e155fd022751138","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-882.703","next":"us-tx/tex.-insurance-code-882.752"},"notice":"GroundRules: Original legal text. Not legal advice."}