Texas Insurance Code

§ 941.152 — LIABILITY OF ADDITIONAL OR SUBSTITUTED UNDERWRITER

IN § 941.152Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES · Ch. 941. LLOYD'S PLAN · Art. D. OPERATION, POWERS, AND DUTIES OF LLOYD'S PLAN

Statute text

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An additional or substituted underwriter is liable in the same manner and to the same extent as an original subscriber to the articles of agreement and power of attorney on file with the department.

Legislative history

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