Texas Statutes
Subtitle G - Lloyd's Plan and Reciprocal and Interinsurance Exchanges
Chapter 941 - Lloyd's Plan

Subchapter A. General Provisions

Section 941.001. Definitions - Sec. 941.001. DEFINITIONS. In this chapter: (1) "Affiliate" has the...

Section 941.002. Lloyd's Plan Insurance Authorized; Life Insurance Prohibited - Sec. 941.002. LLOYD'S PLAN INSURANCE AUTHORIZED; LIFE INSURANCE PROHIBITED. (a)...

Section 941.003. Limited Exemption From Insurance Laws; Application of Certain Laws - Sec. 941.003. LIMITED EXEMPTION FROM INSURANCE LAWS; APPLICATION OF CERTAIN...

Section 941.004. Withdrawal From the Business of Insurance - Sec. 941.004. WITHDRAWAL FROM THE BUSINESS OF INSURANCE. (a) A...

Subchapter B. Formation and Structure of Lloyd's Plan

Section 941.051. Formation of Lloyd's Plan - Sec. 941.051. FORMATION OF LLOYD'S PLAN. (a) To write insurance...

Section 941.052. Attorney in Fact - Sec. 941.052. ATTORNEY IN FACT. (a) The attorney in fact...

Section 941.053. Deputy or Substitute Attorney in Fact - Sec. 941.053. DEPUTY OR SUBSTITUTE ATTORNEY IN FACT. An appointed...

Section 941.054. Name of Lloyd's Plan - Sec. 941.054. NAME OF LLOYD'S PLAN. The name under which...

Subchapter C. Authority to Engage in Business

Section 941.101. Certificate of Authority Required - Sec. 941.101. CERTIFICATE OF AUTHORITY REQUIRED. (a) An attorney in...

Section 941.102. Application for Certificate of Authority - Sec. 941.102. APPLICATION FOR CERTIFICATE OF AUTHORITY. (a) The attorney...

Section 941.103. Issuance of Certificate of Authority - Sec. 941.103. ISSUANCE OF CERTIFICATE OF AUTHORITY. On determination by...

Subchapter D. Operation, Powers, and Duties of Lloyd's Plan

Section 941.151. Liability of Underwriter - Sec. 941.151. LIABILITY OF UNDERWRITER. (a) Subject to Subsection (c),...

Section 941.152. Liability of Additional or Substituted Underwriter - Sec. 941.152. LIABILITY OF ADDITIONAL OR SUBSTITUTED UNDERWRITER. An additional...

Section 941.153. Accrual of Profits - Sec. 941.153. ACCRUAL OF PROFITS. The profits of a Lloyd's...

Section 941.154. Assumption of Risk by Certain Affiliated Insurers - Sec. 941.154. ASSUMPTION OF RISK BY CERTAIN AFFILIATED INSURERS. An...

Section 941.155. Promotion of Lloyd's Plan - Sec. 941.155. PROMOTION OF LLOYD'S PLAN. (a) An individual, firm,...

Section 941.156. Reinsurance Permitted - Sec. 941.156. REINSURANCE PERMITTED. This chapter does not prevent a...

Subchapter E. Financial Requirements

Section 941.201. Required Net Assets - Sec. 941.201. REQUIRED NET ASSETS. The department may not issue...

Section 941.202. Limitation of Business - Sec. 941.202. LIMITATION OF BUSINESS. (a) Except as provided by...

Section 941.203. Computation of Reserve - Sec. 941.203. COMPUTATION OF RESERVE. A Lloyd's plan shall compute...

Section 941.204. Authorized Investments - Sec. 941.204. AUTHORIZED INVESTMENTS. (a) The minimum guaranty fund and...

Section 941.205. Joint Control of Minimum Assets - Sec. 941.205. JOINT CONTROL OF MINIMUM ASSETS. (a) To the...

Section 941.206. Hazardous Financial Condition, Supervision, Conservatorship, and Liquidation; Impairment of Surplus - Sec. 941.206. HAZARDOUS FINANCIAL CONDITION, SUPERVISION, CONSERVATORSHIP, AND LIQUIDATION; IMPAIRMENT...

Subchapter F. Regulation of Lloyd's Plan

Section 941.251. Examinations - Sec. 941.251. EXAMINATIONS. (a) The provisions of Sections 86.001, 86.002,...

Section 941.252. Annual Report - Sec. 941.252. ANNUAL REPORT. (a) An attorney in fact shall...

Subchapter G. Foreign Lloyd's Plan

Section 941.301. Foreign Lloyd's Plan; Bond or Minimum Net Assets Required - Sec. 941.301. FOREIGN LLOYD'S PLAN; BOND OR MINIMUM NET ASSETS...

Section 941.302. Bond of Foreign Lloyd's Plan - Sec. 941.302. BOND OF FOREIGN LLOYD'S PLAN. (a) A bond...

Subchapter H. Conversion to Capital Stock Insurance Company

Section 941.351. Conversion Authorized - Sec. 941.351. CONVERSION AUTHORIZED. The underwriters may convert a Lloyd's...

Section 941.352. Adoption of Conversion Plan - Sec. 941.352. ADOPTION OF CONVERSION PLAN. The underwriters by a...

Section 941.353. Requirements of Conversion Plan - Sec. 941.353. REQUIREMENTS OF CONVERSION PLAN. The conversion plan must...

Section 941.354. Commissioner Approval of Conversion Plan - Sec. 941.354. COMMISSIONER APPROVAL OF CONVERSION PLAN. On the commissioner's...

Section 941.355. Conversion of Member of Holding Company System - Sec. 941.355. CONVERSION OF MEMBER OF HOLDING COMPANY SYSTEM. If...

Subchapter O. Penalties

Section 941.701. Revocation of Certificate of Authority - Sec. 941.701. REVOCATION OF CERTIFICATE OF AUTHORITY. The commissioner shall...

Section 941.702. Criminal Penalty - Sec. 941.702. CRIMINAL PENALTY. (a) A person commits an offense...