Tex. Ins. Code § 942.053 · Subchapter B. FORMATION AND STRUCTURE OF EXCHANGE
SUBSCRIBER DECLARATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
(a) On entering into a reciprocal or interinsurance contract, the subscribers, through the attorney in fact, shall file with the department a declaration verified by the oath of the attorney in fact.
(b) The declaration must include:
(1) the name of the proposed exchange;
(2) the kinds of insurance to be provided under the reciprocal or interinsurance contract;
(3) a copy of the form of the power of attorney or other authorization of the attorney in fact under which the insurance is to be provided;
(4) the location of each office from which the reciprocal or interinsurance contracts are to be issued; and
(5) any other information prescribed by the department, including an affidavit comparable to the affidavit prescribed by Section 822.057(a)(3).
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.942.htm
- Text hash
- sha256 f9d39a7e587c44b3780c6882249b0961a68fe625f9193278a3f08ed652b9064d
- 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
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Insurance Code
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