Texas Insurance Code

§ 962.051 — QUALIFICATIONS FOR CERTIFICATE OF AUTHORITY

IN § 962.051Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part H. OTHER ENTITIES · Ch. 962. JOB PROTECTION INSURANCE · Art. B. AUTHORITY TO ENGAGE IN BUSINESS

Statute text

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An insurer may not be issued a certificate of authority to operate under this chapter unless:

(1)it or a predecessor was writing the insurance coverages authorized by Section 962.101 on or before January 1, 1920, in at least one state; and

(2)it had policyholders in this state on August 29, 1983, and provides proof of that fact to the department.

Legislative history

Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 16, eff. April 1, 2007.