Tex. Ins. Code § 882.562

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 882.562 - Assumption of Liabilities

On the effective date of a merger or consolidation under this subchapter, a new or surviving life insurance company resulting from the merger or consolidation assumes all liabilities of the original companies.

Tex. Ins. Code § 882.562

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.