All codes › Insurance Code › Title 6

Chapter 884

Stipulated Premium Insurance Companies

Subchapter A. General Provisions

884.001 Definition 884.002 Applicability of Other Law to Company 884.003 Admitted Assets

Subchapter B. Formation and Structure of Stipulated Premium Insurance Company

884.051 Formation of Company 884.052 Articles of Incorporation 884.053 Company's Name 884.054 Capital Stock and Surplus Requirements 884.055 Shares of Stock 884.056 Application for Charter 884.057 Action by Commissioner and Department After Filing 884.058 Examination After Determination 884.059 Action on Application 884.060 Beginning of Corporate Existence 884.061 Organizational Meeting

Subchapter C. Authority to Engage in Business

884.101 Schedule of Assets 884.102 Temporary Certificate of Authority 884.103 Regular Certificate of Authority

Subchapter D. Management of Stipulated Premium Company

884.151 Conducting Shareholders' Meeting 884.152 Board of Directors 884.153 Election of Directors 884.154 Officers 884.155 Amendment of Charter or Articles

Subchapter E. Capital and Surplus

884.201 Form of Capital and Surplus 884.202 Increase or Decrease of Capital Stock 884.203 Public Offering of Capital Stock 884.204 Company's Repurchase of Stock 884.205 Impairment of Capital Stock 884.206 Commissioner May Require Larger Capital and Surplus Amounts 884.207 New Business Prohibited When Capital Requirements Not Satisfied

Subchapter F. General Powers and Duties of Stipulated Premium Company

884.251 Deposit of Company's Funds 884.252 Payments to Officers, Directors, and Employees 884.253 Dividends 884.254 Transfer of Stock 884.255 Use of Certain Terms in Advertising 884.256 Annual Statement; Filing Fee

Subchapter G. Powers and Duties Relating to Coverages

884.301 Reinsurance of Policy 884.302 Limits on Life Insurance 884.303 Issuance of Life Insurance Policies by Certain Companies 884.304 Life Insurance of More Than $25,000 884.305 Premiums on Life Insurance Policies 884.306 Life Insurance Contract 884.307 Issuance of Annuity Contract 884.308 Limits on Amount of Accident and Health Insurance Policies 884.309 Adjustment of Premiums 884.310 Agent 884.311 Law Governing Investments; Election

Subchapter H. Contents of Applications and Policies

884.351 General Requirements for Policy and Application Forms 884.352 Requirements for Accident, Health, and Hospitalization Insurance Policies 884.353 Life Insurance Application Forms 884.354 Life Insurance Policy Forms; Incontestability 884.355 Designation of Beneficiaries 884.356 Life Insurance Benefit Reductions or Increases 884.357 Form Approval

Subchapter I. Authority to Issue Other Coverage

884.401 Authority Cumulative 884.402 Additional Coverage 884.403 Policy Requirements 884.404 Capital and Surplus Requirements 884.405 Agent; License 884.406 Annual Statement 884.407 Relationship of Subchapter to Other Provisions of Chapter 884.408 Implementation of Subchapter

Subchapter J. Reserves

884.451 Reserves on Individual and Group Life Insurance Policies 884.452 Reserves on Accident and Health Insurance Policies 884.453 Deficiency Reserve 884.454 Commissioner's Computation of Reserve Liability 884.455 Required Securities 884.456 Increase of Reserves

Subchapter K. Direct Reinsurance Agreements

884.501 Direct Reinsurance Agreements Between Stipulated Premium Companies 884.502 Direct Reinsurance Agreement with Legal Reserve Company 884.503 Direct Reinsurance of Accident or Health Insurance Policies 884.504 Direct Reinsurance of Certain Policies 884.505 Effect of Total Direct Reinsurance Agreement 884.506 Assumption Certificate

Subchapter L. Direct Reinsurance Agreements with Mutual Assessment Companies

884.551 Definitions 884.552 Authority to Contract 884.553 Reinsurance Agreement 884.554 Approval by Department 884.555 Members Meeting; Notice 884.556 Members Meeting; Procedures 884.557 Submission of Meeting Facts to Department 884.558 Effective Date of Agreement 884.559 Action After Agreement Ratification 884.560 Assumption Certificate 884.561 Adjustment of Life Insurance Premiums 884.562 Approval of Rate Adjustment

Subchapter M. Conversion to Legal Reserve Company

884.601 Authorization to Convert 884.602 Assumption Certificate 884.603 Exemption from Capital and Surplus Requirements

Subchapter O. General Financial Regulation

884.701 Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation