Texas Insurance Code

§ 941.053 — DEPUTY OR SUBSTITUTE ATTORNEY IN FACT

IN § 941.053Title 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

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An appointed deputy attorney in fact or substitute attorney in fact for an attorney in fact holding a certificate of authority under this chapter and accepting powers of attorney from underwriters is authorized by the certificate of authority to:

(1)issue or make a policy or contract of insurance; and

(2)perform any other act incident to issuing or making a policy or contract of insurance.

Legislative history

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