Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle G. LLOYD'S PLAN AND RECIPROCAL AND INTERINSURANCE EXCHANGES |
Chapter 941. LLOYD'S PLAN |
Subchapter B. FORMATION AND STRUCTURE OF LLOYD'S PLAN |
Sec. 941.053. DEPUTY OR SUBSTITUTE ATTORNEY IN FACT
Latest version.
-
An appointed deputy attorney in fact or substitute attorney in fact for an attorney in fact holding a certificate of authority under this chapter and accepting powers of attorney from underwriters is authorized by the certificate of authority to:
(1) issue or make a policy or contract of insurance; and
(2) perform any other act incident to issuing or making a policy or contract of insurance.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.