Tex. Ins. Code § 862.051 · Subchapter B. INSURANCE COVERAGE PROVIDED BY FIRE AND MARINE INSURANCE COMPANIES
KINDS OF INSURANCE AUTHORIZED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
On filing notice of its intent with the department, an insurance company engaged in the business of insurance in this state under an appropriate certificate of authority may:
(1) insure houses, buildings, and other property against loss or damage by fire;
(2) insure goods, merchandise, and other property in the course of transportation by land or water, or vessels afloat, regardless of their location;
(3) insure motor vehicles, whether stationary or being operated under the motor vehicle's own power, against loss or damage by fire, lightning, windstorm, hail storm, tornado, cyclone, explosion, transportation by land or water, theft, and collision;
(4) lend money on bottomry or respondentia;
(5) obtain insurance against:
(A) any loss or risk the company has incurred in the course of its business; and
(B) any loss or risk on an interest that the company has in property because of a loan it has made on bottomry or respondentia; and
(6) take any action proper to promote an activity described by this section.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.862.htm
- Text hash
- sha256 b3d1ea403c82495ec5e92b1accee40acf57170b3fe5fb65a0a545ea64689eae3
- 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
Cited by 1 provision
Provisions in this library whose text cites Tex. Ins. Code § 862.051. 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.