Tex. Ins. Code § 912.155 · Subchapter D. POLICIES AND COVERAGE
REPAIR OR REPLACEMENT OF INSURED PROPERTY.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) The county mutual insurance company's bylaws may authorize the company to require, at its option, that all or a percentage of the money paid for a loss be used to replace or repair the damaged or destroyed property. The requirement may apply equally to personal and real property, including personal and real property exempt from execution, such as a homestead or a building on the homestead. The company may provide in its bylaws that the requirements of Section 862.053 do not apply to its insurance policies.
(b) This section does not apply to a company that meets the requirements of Section 912.308(a)(3), but such a company is subject to Sections 883.154, 883.155, and 883.156.
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.912.htm
- Text hash
- sha256 4f6c61839a590f6107e3763b7cbc79918ddcb9c40134bcf171df4656a7796fd8
- 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.
Insurance Code
- Tex. Ins. Code § 862.053FIRE INSURANCE: TOTAL LOSS OF REAL PROPERTY.Printed as Section 862.053
- Tex. Ins. Code § 883.154MAXIMUM PREMIUMS.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 883.155ISSUANCE OF POLICY FOR CASH PREMIUM ONLY.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 883.156ASSESSMENT ON POLICYHOLDERS.Printed as Sections 883.154, 883.155, and 883.156
- Tex. Ins. Code § 912.308AMOUNT AND INVESTMENT OF SURPLUS.Printed as Section 912.308(a)(3)
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.