Texas § IN.941.353 - REQUIREMENTS OF CONVERSION PLAN
Full text of Texas The Texas Constitution § IN.941.353 — REQUIREMENTS OF CONVERSION PLAN, with citation guidance and answers to common questions.
§ IN.941.353. REQUIREMENTS OF CONVERSION PLAN
REQUIREMENTS OF CONVERSION PLAN. The conversion plan must provide that a capital stock insurance company will be formed in accordance with Chapter 822 , except that: (1) the company's required minimum capital and surplus must equal the required minimum guaranty fund and surplus of the Lloyd's plan; (2) the company's assets may be in cash or in the form of an investment lawfully held by the Lloyd's plan; and (3) an original examination under Section 822.058 (b) is not required unless directed by the commissioner. 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.941.353
What does The Texas Constitution § IN.941.353 cover?
Section IN.941.353 ("REQUIREMENTS OF CONVERSION PLAN") 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.941.353?
A common citation format is "The Texas Constitution § IN.941.353" (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.941.353 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.