Texas Statutes (Last Updated: January 4, 2014) |
INSURANCE CODE |
Title 6. ORGANIZATION OF INSURERS AND RELATED ENTITIES |
Subtitle I. COMPANIES THAT ARE NOT ORGANIZED IN TEXAS |
Chapter 981. SURPLUS LINES INSURANCE |
Subchapter B. ELIGIBILITY REQUIREMENTS FOR SURPLUS LINES INSURERS |
Sec. 981.054. CERTAIN PRECONDITIONS NOT ALLOWED
Latest version.
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An eligible surplus lines insurer may not require as a condition precedent to writing new or renewal surplus lines insurance that the insured or prospective insured place with the insurer other insurance that is not obtainable as surplus lines insurance.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.