Sec. 826.003.  RIGHTS AND PRIVILEGES OF RESULTING COMPANY;  LAWS APPLICABLE.  Except as provided by this chapter, a resulting company:
(1)  may exercise only the rights and privileges of a stock insurance company;  and
(2)  is subject to:
(A)  all of the requirements and rules imposed on stock insurance companies organized under this code;  and
(B)  the laws of this state relating to the regulation or supervision of insurance companies.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.