Tex. Ins. Code § 941.003 · Subchapter A. GENERAL PROVISIONS
LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICATION OF CERTAIN LAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) A Lloyd's plan is exempt from the operation of all insurance laws of this state except as specifically provided in this chapter or unless it is specifically provided in the other law that the law is applicable.
(b) A Lloyd's plan is subject to:
(1) Subchapter A, Chapter 5, Chapter 254, Subchapters A and B, Chapter 1806, and Subtitle C, Title 10;
(2) Articles 5.35, 5.39, and 5.40;
(3) Article 5.13-2, as provided by that article, Chapter 2251, as provided by that chapter, and Chapter 2301, as provided by that chapter;
(4) Chapters 251, 252, 402, 541, and 2253;
(5) Subchapter A, Chapter 401;
(6) Subchapter B, Chapter 404;
(7) Subchapter C, Chapter 1806; and
(8) Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052.
(c) Chapter 2007 applies to rates for motor vehicle insurance written by a Lloyd's plan.
(d) Underwriters and their attorney in fact are subject to Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201, except that:
(1) the articles of agreement executed by the underwriters are instead of the articles of incorporation; and
(2) the aggregate of the guaranty fund and unencumbered surplus of the Lloyd's plan constitutes capital structure for purposes of Section 822.060.
(e) A Lloyd's plan is subject to Chapter 2210, as provided by that chapter.
Notes and commentary — not statutory text
History
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003. Amended by Acts 2003, 78th Leg., ch. 206, Sec. 21.43(a), (b), eff. June 11, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 631 (H.B. 2565), Sec. 5, eff. September 1, 2005.
Acts 2005, 79th Leg., Ch. 1295 (H.B. 2614), Sec. 2, eff. September 1, 2005.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.114, eff. April 1, 2009.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.026, eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.026, eff. September 1, 2007.
Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 42, eff. June 19, 2009.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.941.htm
- Text hash
- sha256 80583880f767754b9e4d1baa4724ad13d0ec1ac95740ad49743f464044dfad23
- 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 § 38.001INQUIRIES.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code ch. 254MOTOR VEHICLE INSURANCEPrinted as Chapter 254
- Tex. Ins. Code ch. 401, subch. AINDEPENDENT AUDIT OF FINANCIAL STATEMENTSPrinted as Subchapter A, Chapter 401
- Tex. Ins. Code ch. 404, subch. BIMPAIRMENT OF STOCK OR SURPLUSPrinted as Subchapter B, Chapter 404
- Tex. Ins. Code § 501.159COMMENTS ON CERTAIN INSURER FILINGS.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 822.051FORMATION OF COMPANY.Printed as Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 822.057APPLICATION FOR CHARTER.Printed as Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 822.058ACTION BY COMMISSIONER AFTER FILING OF APPLICATION FOR CHARTER.Printed as Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 822.060ACTION ON APPLICATION.Printed as Section 822.060 | Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 822.201APPLICABILITY OF CAPITAL AND SURPLUS REQUIREMENTS.Printed as Sections 822.051, 822.057, 822.058, 822.059, 822.060, and 822.201
- Tex. Ins. Code § 822.203CAPITAL REQUIRED GENERALLY.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 822.205UNENCUMBERED SURPLUS OR GUARANTY FUND REQUIREMENTS FOR CERTAIN INSURANCE COMPANIES.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 822.210COMMISSIONER MAY REQUIRE LARGER CAPITAL AND SURPLUS AMOUNTS.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 822.212INCREASE OF CAPITAL AND SURPLUS.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code tit. 10PROPERTY AND CASUALTY INSURANCEPrinted as Title 10
- Tex. Ins. Code ch. 1806PROHIBITED PRACTICES AND REBATES RELATED TO POLICIESPrinted as Chapter 1806
- Tex. Ins. Code ch. 1806, subch. CPROVISIONS APPLICABLE TO CASUALTY INSURANCE AND FIDELITY, GUARANTY, AND SURETY BONDSPrinted as Subchapter C, Chapter 1806
- Tex. Ins. Code § 2002.005COINSURANCE CLAUSES.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 2002.051POLICY FORMS AND ENDORSEMENTS FOR RESIDENTIAL PROPERTY INSURANCE.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code § 2002.052APPLICABILITY OF OTHER LAW TO RESIDENTIAL PROPERTY INSURANCE.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 2002.005, 2002.051, and 2002.052
- Tex. Ins. Code ch. 2007ASSESSMENT FOR RURAL FIRE PROTECTIONPrinted as Chapter 2007
- Tex. Ins. Code ch. 2210TEXAS WINDSTORM INSURANCE ASSOCIATIONPrinted as Chapter 2210
- Tex. Ins. Code ch. 2251RATESPrinted as Chapter 2251
- Tex. Ins. Code ch. 2301POLICY FORMSPrinted as Chapter 2301
Cited by 2 provisions
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