Texas Insurance Code

§ 462.051 — ASSOCIATION AS LEGAL ENTITY; MEMBERSHIP

IN § 462.051Title 4. REGULATION OF SOLVENCY · Part D. GUARANTY ASSOCIATIONS · Ch. 462. TEXAS PROPERTY AND CASUALTY INSURANCE GUARANTY ASSOCIATION · Art. B. GOVERNANCE OF ASSOCIATION

Statute text

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(a)The Texas Property and Casualty Insurance Guaranty Association is a nonprofit unincorporated legal entity.

(b)The association is composed of all member insurers. A member insurer must remain a member of the association as a condition of engaging in the business of insurance in this state.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 1, eff. April 1, 2007.