Sec. 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. June 1, 2003.