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Texas Statutes (Last Updated: January 4, 2014) |
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INSURANCE CODE |
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Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
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Subtitle C. LIFE, HEALTH, AND ACCIDENT INSURERS AND RELATED ENTITIES |
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Chapter 841. LIFE, HEALTH, OR ACCIDENT INSURANCE COMPANIES |
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Subchapter F. GENERAL POWERS, DUTIES, AND LIMITATIONS |
Sec. 841.257. KINDS OF BUSINESS LIMITED
Latest version.
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An insurance company authorized to engage in the business of insurance under this chapter or in accordance with Section 982.051 may not accept a risk or write an insurance policy in this state or any other state or country other than:
(1) a life, accident, or health insurance policy;
(2) reinsurance under Sections 492.051(b) and (c) or Chapter 493 by a life insurance company authorized to engage in the business of insurance in this state; or
(3) reinsurance under Chapter 494 by a domestic insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by: Acts 2005, 79th Leg., Ch. 728 , Sec. 11.022, eff. September 1, 2005. Acts 2007, 80th Leg., R.S., Ch. 730 , Sec. 2E.024, eff. April 1, 2009.