Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle F. FARM AND COUNTY MUTUAL INSURANCE COMPANIES |
Chapter 912. COUNTY MUTUAL INSURANCE COMPANIES |
Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS IN THIS STATE |
Sec. 912.102. AUTHORITY TO ENGAGE IN BUSINESS
Latest version.
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A county mutual insurance company may engage in the business of insurance in accordance with this chapter and other applicable laws only if:
(1) the company was formed before September 6, 1955, and was actively engaged in the business of insurance on that date; or
(2) the company was formed under a permit to solicit insurance issued before September 6, 1955.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.