Tex. Ins. Code § 2204.051 · Subchapter B. OPERATION AND MANAGEMENT
PURPOSE OF EXCHANGE; SPECIFIC AUTHORIZATION FOR CERTAIN INSURANCE.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The exchange shall provide a facility for underwriting:
(1) reinsurance of any kind of insurance;
(2) direct insurance of any kind of risk located entirely outside the United States;
(3) direct insurance of any kind of risk that:
(A) is located in another state; and
(B) qualifies for placement under the excess and surplus lines requirements of the jurisdiction in which the risk is located; and
(4) a risk located in this state that has been submitted to and certified as rejected by a committee representing at least three and not more than seven insurers authorized to engage in the business of insurance in this state and subject to conditions imposed by rules adopted by the commissioner.
(b) For purposes of Chapter 101, insurance or reinsurance a member writes to cover a risk described by Subsection (a)(4) is considered to be specifically authorized by the laws of this state.
Notes and commentary — not statutory text
History
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.2204.htm
- Text hash
- sha256 fc15b34bb8f32266b90267e21133798bf705edfce334f16af7daec6cfbeadb0d
- Composed by
- compose_tx.py 2026-10-05: the Legislative Council's chapter files read in document order; verify_tx.py's independent reading (lxml DOM walk) agrees character for character
This section cites
Provisions in this library that the text above cites, as it prints each citation. A range cited as “ss. 61.13-61.16” links its first and last provisions.
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 2204.051. Each shows the citation as that text prints it.
Procedural information only. Not legal advice and not a substitute for the advice of an attorney. Confirm the current text with the official publisher before relying on it.