Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle H. OTHER ENTITIES |
Chapter 962. JOB PROTECTION INSURANCE |
Subchapter B. AUTHORITY TO ENGAGE IN BUSINESS |
Sec. 962.051. QUALIFICATIONS FOR CERTIFICATE OF AUTHORITY
Latest version.
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An insurer may not be issued a certificate of authority to operate under this chapter unless:
(1) it or a predecessor was writing the insurance coverages authorized by Section 962.101 on or before January 1, 1920, in at least one state; and
(2) it had policyholders in this state on August 29, 1983, and provides proof of that fact to the department.
Added by Acts 2005, 79th Leg., Ch. 727 , Sec. 16, eff. April 1, 2007.