Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle D. CASUALTY COMPANIES |
Chapter 862. FIRE AND MARINE INSURANCE COMPANIES |
Subchapter B. INSURANCE COVERAGE PROVIDED BY FIRE AND MARINE INSURANCE COMPANIES |
Sec. 862.052. PROHIBITIONS RELATING TO LIFE INSURANCE AND LIFE INSURANCE COMPANIES
Latest version.
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(a) An insurance company authorized by its charter to write fire, marine, lightning, tornado, or inland marine insurance in this state may not write life insurance.
(b) An insurance company authorized to write life insurance in this state may not write fire, marine, or inland marine insurance or any other insurance described by Section 862.051.
(c) The commissioner shall enforce this section.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.