Sec. 941.051. FORMATION OF LLOYD'S PLAN  


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  • (a) To write insurance on the Lloyd's plan, underwriters must:

    (1) execute articles of agreement expressing the intent to write insurance; and

    (2) comply with the requirements of this chapter.

    (b) A Lloyd's plan must have at least 10 underwriters.

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