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Texas Insurance Code

§ 981.154 — POWERS AND DUTIES

IN § 981.154Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 981. SURPLUS LINES INSURANCE · Art. D. SURPLUS LINES STAMPING OFFICE

Statute text

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(a)The stamping office shall perform its functions under the plan of operation.
(b)The stamping office shall conduct the following activities as provided in the plan of operation:
(1)receive, record, and review each surplus lines insurance contract that a surplus lines agent is required to file with the office;
(2)provide to the commissioner an evaluation of the eligibility of each surplus lines insurance contract and surplus lines insurer;
(3)prepare monthly reports for the commissioner relating to surplus lines insurance obtained during the preceding month in a form prescribed by the commissioner;
(4)prepare reports for the commissioner relating to surplus lines business;

Legislative history

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