Texas Insurance Code
§ 941.051 — FORMATION OF LLOYD'S PLAN
IN § 941.051Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES · Ch. 941. LLOYD'S PLAN · Art. B. FORMATION AND STRUCTURE OF LLOYD'S PLAN
Statute text
View on source(a)To write insurance on the Lloyd's plan, underwriters must:
(1)execute articles of agreement expressing the intent to write insurance; and
(2)comply with the requirements of this chapter.
(b)A Lloyd's plan must have at least 10 underwriters.
Legislative history
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.