{"data":{"id":"us-tx/tex.-insurance-code-884.056","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 884.056","heading":"APPLICATION FOR CHARTER.","body":"(a) To obtain a charter for a stipulated premium company under this chapter, the incorporators must pay a charter fee in an amount determined under Chapter 202 and file with the department:\n(1) an application for charter on the form and containing the information prescribed by the department;\n(2) the company's articles of incorporation; and\n(3) an affidavit made by two or more of the incorporators that states that:\n(A) the minimum capital and surplus requirements of Section 884.054 are satisfied;\n(B) the capital and surplus is the bona fide property of the company; and\n(C) the information in the application and articles of incorporation is true and correct.\n(b) The department may require that the incorporators provide at their expense additional evidence of a matter required in the affidavit before the department takes further action on the application for the charter.\nAdded by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.\nAmended by:\nActs 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.077, eff. April 1, 2009.","path":["INSURANCE CODE","TITLE 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES","SUBTITLE E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES","CHAPTER 884. STIPULATED PREMIUM INSURANCE COMPANIES","SUBCHAPTER B. FORMATION AND STRUCTURE OF STIPULATED PREMIUM INSURANCE COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.884.htm#884.056","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"e8f588452851ff1af5938d8d62f5baff70acd8e05d0fa103b458f9391d3d1c67","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-884.055","next":"us-tx/tex.-insurance-code-884.057"},"notice":"GroundRules: Original legal text. Not legal advice."}