Untitled Texas Attorney General Opinion

Hon. Walter C. Woodward, Chairman Board of Insurance Commissioners Austin, Texas Dear Sir: Opinion No. O-1937 Re: Does a statewide mutual com- pany operating In Texas as such and being licensed to issue policies on the assess- ment or natural premium plan have the right under Its charter to Issue other forms of policies, and especially legal reserve polioles, and to charge legal reserve pre- miums? (2) Would such action constitute a vlolation,of its charter powers? -._ Your request for an opinion of this department on the above stated questions has been received. _ Your letter reads as…