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 D. OPERATION, POWERS, AND DUTIES OF LLOYD'S PLAN |
Sec. 941.152. LIABILITY OF ADDITIONAL OR SUBSTITUTED UNDERWRITER
Latest version.
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An additional or substituted underwriter is liable in the same manner and to the same extent as an original subscriber to the articles of agreement and power of attorney on file with the department.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.