Current with legislation from the 2023 Regular and Special Sessions signed by the Governor as of November 21, 2023.
Section 884.052 - Articles of Incorporation(a) Articles of incorporation of a stipulated premium company must specify: (1) the name and place of residence of each incorporator;(2) the name of the proposed stipulated premium company;(3) the location of the proposed company's home office;(4) the kinds of insurance business the proposed company will transact;(5) the amount of the proposed company's capital stock;(6) the number of shares of the proposed company's capital stock; and(7) the period of the proposed company's duration, which may not exceed 500 years.(b) The incorporators of a stipulated premium company may include other provisions in the articles of incorporation.Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. 6/1/2003.