Texas § IN.824.101 - EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE POLICIES
Full text of Texas The Texas Constitution § IN.824.101 — EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE POLICIES, with citation guidance and answers to common questions.
§ IN.824.101. EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE POLICIES
EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE POLICIES. (a) A new or surviving corporation resulting from a merger or consolidation shall assume each insurance policy outstanding against each insurance corporation that merges or consolidates on the same terms and under the same conditions as if the policy had continued in force through the original corporation. (b) The new or surviving insurance corporation shall implement the terms of the policy. (c) The new or surviving insurance corporation is entitled to: (1) all rights and privileges under the policy; and (2) all reserves that accumulated on the policy before the merger or consolidation. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source: official Texas text · Last verified 2026-08-27
Frequently Asked Questions About Texas § IN.824.101
What does The Texas Constitution § IN.824.101 cover?
Section IN.824.101 ("EFFECT OF MERGER OR CONSOLIDATION ON OUTSTANDING INSURANCE POLICIES") is part of the The Texas Constitution, the codified statutory law of Texas. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Texas § IN.824.101?
A common citation format is "The Texas Constitution § IN.824.101" (Texas). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Texas law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Texas official source linked on this page or consult a licensed Texas attorney.
How does Texas § IN.824.101 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Texas can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Texas.