Tex. Ins. Code § 964.106 · Subchapter C. CAPTIVE EXCHANGES
SUBSCRIBER DECLARATION.
Text — Current through the 89th 2nd Called Legislative Session, 2025
A captive exchange shall file with the department a subscriber declaration that includes:
(1) the information described by Section 942.053;
(2) the amount of the captive exchange's initial surplus; and
(3) a provision to authorize a quorum of the governing body of the captive exchange's attorney in fact to consist of not fewer than one-third of the fixed number of members of the governing body.
Notes and commentary — not statutory text
History
Added by Acts 2017, 85th Leg., R.S., Ch. 1050 (H.B. 1944), Sec. 2.01, eff. June 15, 2017.
Source of truth
- Edition
- Current through the 89th 2nd Called Legislative Session, 2025
- Official file
- https://statutes.capitol.texas.gov/Docs/IN/htm/IN.964.htm
- Text hash
- sha256 a8dea9b39ab61911f83f1b30c5259d4d649f457357f81876a038722eb0d9b311
- 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
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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.