Texas § IN.826.206 - CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY
Full text of Texas The Texas Constitution § IN.826.206 — CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY, with citation guidance and answers to common questions.
§ IN.826.206. CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY
CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY. (a) On the approval of the commissioner, a foreign mutual insurance company may reorganize in compliance with the requirements of any law or regulation applicable to the foreign mutual insurance company by: (1) transferring its members' membership interests into a mutual holding company formed under a procedure analogous to that described by this subchapter; and (2) continuing the corporate existence of the reorganizing foreign mutual insurance company as a foreign stock insurance company subsidiary of the mutual holding company. (b) The reorganizing foreign mutual insurance company may remain a foreign company and may be admitted to do business in this state. A foreign mutual insurance company may also redomesticate in this state by complying with the applicable requirements of Chapter 983 . 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.826.206
What does The Texas Constitution § IN.826.206 cover?
Section IN.826.206 ("CONVERSION OF FOREIGN MUTUAL INSURANCE COMPANY") 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.826.206?
A common citation format is "The Texas Constitution § IN.826.206" (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.826.206 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.