Texas Insurance Code

§ 887.006 — CONSTRUCTION

IN § 887.006Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part E. MUTUAL AND FRATERNAL COMPANIES AND RELATED ENTITIES · Ch. 887. PROVISIONS APPLICABLE TO CERTAIN MUTUAL ASSESSMENT COMPANIES · Art. A. GENERAL PROVISIONS

Statute text

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(a)This chapter does not:

(1)enlarge the powers or rights of any association;

(2)enlarge the scope of an association's legal or corporate existence; or

(3)authorize the creation of any association or corporation to engage in the business of insurance described by Section 887.003(b) if that creation is not specifically permitted by law.

(b)The laws prohibiting or limiting creation of an association and the exercise of corporate power are not affected by this chapter.

Legislative history

Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.