{"data":{"id":"us-tx/tex.-insurance-code-941.354","jurisdiction":"us-tx","citation":"Tex. Insurance Code § 941.354","heading":"COMMISSIONER APPROVAL OF CONVERSION PLAN.","body":"On the commissioner's approval of the conversion plan and the formation of the capital stock insurance company, all assets, interests, obligations, and liabilities of the Lloyd's plan, including all outstanding policies and insurance obligations, are transferred to the capital stock insurance company, except as otherwise provided by this subchapter.\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 G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES","CHAPTER 941. LLOYD'S PLAN","SUBCHAPTER H. CONVERSION TO CAPITAL STOCK INSURANCE COMPANY"],"source_url":"https://statutes.capitol.texas.gov/Docs/IN/htm/IN.941.htm#941.354","current_through":"89th 2nd Called Legislative Session, 2025","vintage":"","retrieved_at":"2026-08-27T01:47:21Z","sha256":"e2d6b87efc4d249061583e9f201f2b202565517db83ab027a46ee9e1e067b42c","source_id":"us-tx","stale":false,"prev":"us-tx/tex.-insurance-code-941.353","next":"us-tx/tex.-insurance-code-941.355"},"notice":"GroundRules: Original legal text. Not legal advice."}