Tex. Ins. Code § 883.057 · Subchapter B. FORMATION, STRUCTURE, AND MANAGEMENT OF COMPANY
MEMBERSHIP OF PUBLIC OR PRIVATE ENTITIES IN COMPANY AUTHORIZED.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) Any public or private corporation, board, association, or estate may make an application for, enter into an agreement for, or hold a policy in a mutual insurance company. An officer, shareholder, trustee, or legal representative may act on behalf of the entity for that participation.
(b) An officer, shareholder, trustee, or legal representative of a public or private entity described by Subsection (a) may not be held personally liable on a contract of insurance executed by the person in the person's capacity as a representative of the entity under Subsection (a).
(c) The right of a corporation organized under the laws of this state to participate as a member of a mutual insurance company is:
(1) incidental to the purpose for which the corporation was organized; and
(2) in addition to the corporate rights or powers expressly conferred in the corporation's articles of incorporation.
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.883.htm
- Text hash
- sha256 16e85946d0bbf76b2778a32443bf239a6890f003d04fcc1f65be075bad3911b4
- 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
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.