Tex. Ins. Code § 887.102 · Subchapter C. AUTHORITY TO ENGAGE IN BUSINESS
EXEMPT ASSOCIATION; PERMIT.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An association is not required to hold a certificate of authority under Section 887.101 if the association:
(1) limits its membership to:
(A) the employees and the families of employees of a particular designated firm, corporation, or individual; or
(B) borrowers of a federal agency in this state and members of the borrower's immediate family who are living with the borrower and are not engaged in nonfarm work for their chief income;
(2) has been in existence for at least five years;
(3) is not operated for profit; and
(4) does not pay commissions.
(b) An association exempt under this section shall:
(1) make annual reports to the department, on forms provided for that purpose, showing the financial condition of the association, receipts and expenditures of the association, and any other facts required by the department; and
(2) obtain from the department a permit to engage in the business of insurance.
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.887.htm
- Text hash
- sha256 bb0a091be8f1037480fde546c195f59459ca64478acdf300f9eb365d0c8204cf
- 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 12 provisions
Provisions in this library whose text cites Tex. Ins. Code § 887.102. Each shows the citation as that text prints it.
Insurance Code
- Tex. Ins. Code § 35.001DEFINITIONS.Printed as Section 887.102
- Tex. Ins. Code § 82.002APPLICATION OF CHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 83.002APPLICATION OF CHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 542.052APPLICABILITY OF SUBCHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 554.001APPLICABILITY OF CHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 558.001DEFINITION.Printed as Section 887.102
- Tex. Ins. Code § 703.001DEFINITION.Printed as Section 887.102
- Tex. Ins. Code § 802.051APPLICABILITY OF SUBCHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 804.101DOMESTIC COMPANY.Printed as Section 887.102
- Tex. Ins. Code § 887.101CERTIFICATE OF AUTHORITY REQUIRED.Printed as Section 887.102
- Tex. Ins. Code § 1652.003APPLICABILITY OF CHAPTER.Printed as Section 887.102
- Tex. Ins. Code § 4001.003DEFINITIONS.Printed as Section 887.102
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.