Tex. Ins. Code § 942.003 · Subchapter A. GENERAL PROVISIONS
LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICABILITY OF CERTAIN LAWS.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) An exchange is exempt from the operation of all insurance laws of this state except as specifically provided in this chapter or unless exchanges are specifically mentioned in the other law.
(b) An exchange 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 402, 541, and 2253;
(5) Subchapter A, Chapter 401, and Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156;
(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, 861.254(a)-(f), 861.255, 862.001(b), 862.003, 2002.002, 2002.005, 2002.051, and 2002.052.
(c) Chapter 2007 applies to rates for motor vehicle insurance written by an exchange.
(d) The provisions of the Texas Business Corporation Act that relate to the indemnification of officers and directors apply to an exchange.
(e) Subscribers and their attorney in fact are subject to Sections 822.051, 822.057-822.060, and 822.201, except that:
(1) the declaration of the subscribers prescribed by Section 942.053 replaces the articles of incorporation; and
(2) the unencumbered surplus of the exchange constitutes capital structure for purposes of Section 822.060.
(f) An exchange 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. 21.44(a), (b), eff. June 11, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 631 (H.B. 2565), Sec. 6, eff. September 1, 2005.
Acts 2005, 79th Leg., Ch. 1295 (H.B. 2614), Sec. 3, eff. September 1, 2005.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.119, eff. April 1, 2009.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 3B.027, eff. September 1, 2007.
Acts 2007, 80th Leg., R.S., Ch. 921 (H.B. 3167), Sec. 9.027, eff. September 1, 2007.
Acts 2009, 81st Leg., R.S., Ch. 1408 (H.B. 4409), Sec. 43, 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.942.htm
- Text hash
- sha256 67a65be1ee878752ecdd59d78903d874b1444cd060f68a358731944b5a9ddea6
- 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, 861.254(a)
- 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 § 401.051DUTY TO EXAMINE CARRIERS.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.052FREQUENCY OF EXAMINATION.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.054POWERS RELATED TO EXAMINATION.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.055EFFECT OF SUBCHAPTER ON AUTHORITY TO USE INFORMATION.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.056RULES RELATED TO REPORTS AND HEARINGS.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.057USE OF AUDIT AND WORK PAPERS.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.058CONFIDENTIALITY OF REPORTS AND RELATED INFORMATION.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.059DETERMINATION OF VALUE.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.060RIGHT TO INFORMATION RELATING TO DETERMINATION OF VALUE OR MARKET VALUE.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.061DISCIPLINARY ACTION FOR FAILURE TO COMPLY WITH SUBCHAPTER.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.062STAY OF RULE, ORDER, DECISION, OR FINDING.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.151EXPENSES OF EXAMINATION OF DOMESTIC INSURER.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.152EXPENSES OF EXAMINATION OF OTHER INSURERS.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.155ADDITIONAL ASSESSMENTS.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- Tex. Ins. Code § 401.156DEPOSIT AND USE OF ASSESSMENT AND FEE.Printed as Sections 401.051, 401.052, 401.054, 401.055, 401.056, 401.057, 401.058, 401.059, 401.060, 401.061, 401.062, 401.151, 401.152, 401.155, and 401.156
- 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, 861.254(a)
- Tex. Ins. Code § 822.051FORMATION OF COMPANY.Printed as Sections 822.051, 822.057-822.060, and 822.201
- Tex. Ins. Code § 822.060ACTION ON APPLICATION.Printed as Section 822.060
- Tex. Ins. Code § 822.201APPLICABILITY OF CAPITAL AND SURPLUS REQUIREMENTS.Printed as Sections 822.051, 822.057-822.060, 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, 861.254(a)
- 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, 861.254(a)
- 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, 861.254(a)
- Tex. Ins. Code § 822.212INCREASE OF CAPITAL AND SURPLUS.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 861.254(a)
- Tex. Ins. Code § 861.254ANNUAL STATEMENT; FILING FEE.Printed as Sections 38.001, 501.159, 822.203, 822.205, 822.210, 822.212, 861.254(a)
- Tex. Ins. Code § 942.053SUBSCRIBER DECLARATION.Printed as Section 942.053
- 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 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
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