Tex. Ins. Code § 884.051

Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.

Section 884.051 - Formation of Company

(a) Five or more, but not more than 35, residents of this state may form a stipulated premium company.

(b) To form a stipulated premium company:

(1) each incorporator must sign and acknowledge the articles of incorporation of the company; and

(2) the incorporators must file the articles of incorporation with the department.

Tex. Ins. Code § 884.051

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