Texas Insurance Code

§ 961.207 — PARTICIPATION AGREEMENTS

IN § 961.207Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 961. NONPROFIT LEGAL SERVICES CORPORATIONS · Art. E. OPERATION OF NONPROFIT LEGAL SERVICES CORPORATIONS

Statute text

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A nonprofit legal services corporation may:

(1)contract with another nonprofit legal services corporation or an insurer authorized to engage in business in this state for joint participation through:

(A)a mutualization contract agreement; or

(B)a guaranty treaty; and

(2)cede or accept a legal services obligation from such a corporation or insurer on all or part of a legal services obligation. Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by:

Legislative history

Acts 2019, 86th Leg., R.S., Ch. 643 (S.B. 1623), Sec. 11, eff. September 1, 2019.