Sec. 882.607.  OTHER TYPES OF CONVERSION NOT PROHIBITED.  This subchapter does not prohibit a mutual life insurance company from converting to a stock legal reserve life insurance company by:
(1)  merger or consolidation;
(2)  a total direct or assumption reinsurance agreement;  or
(3)  any other plan or procedure approved by the company's policyholders and the commissioner.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.