Texas Insurance Code

§ 981.216 — ANNUAL REPORT

IN § 981.216Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES · Part I. SURPLUS LINES INSURERS; COMPANIES NOT ORGANIZED IN TEXAS · Ch. 981. SURPLUS LINES INSURANCE · Art. E. SURPLUS LINES AGENTS

Statute text

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(a)Before March 1 of each year, a surplus lines agent shall submit a report to the department for the preceding calendar year.

(b)The commissioner shall adopt the form for the annual report.

(c)The annual report must:

(1)demonstrate that the amount of insurance obtained from each eligible surplus lines insurer is only the amount that exceeds the amount obtainable from an authorized insurer; and

(2)include any other information required by the commissioner.

Legislative history

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