Texas Insurance Code

§ 912.102 — AUTHORITY TO ENGAGE IN BUSINESS

IN § 912.102Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES · Ch. 912. COUNTY MUTUAL INSURANCE COMPANIES · Art. C. AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE

Statute text

View on source

A county mutual insurance company may engage in the business of insurance in accordance with this chapter and other applicable laws only if:

(1)the company was formed before September 6, 1955, and was actively engaged in the business of insurance on that date; or

(2)the company was formed under a permit to solicit insurance issued before September 6, 1955.

Legislative history

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