Sec. 2054.003. OPERATION AS DOMESTIC MUTUAL INSURANCE COMPANY. (a) The company operates as a domestic mutual insurance company under Chapter 883. The company is subject to that chapter, but is not subject to Chapter 826.
(b) The company:
(1) has the legal rights of a mutual insurance company operating under Chapter 883 and of an individual in this state; and
(2) may bring a suit in the company's own name without any procedural prerequisites to the exercise of that power.
(c) The company is not a state agency or executive agency or a governmental entity for any purpose.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Amended by:
Acts 2007, 80th Leg., R.S., Ch. 23 (S.B. 192), Sec. 1, eff. May 4, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter A. General Provisions
Section 2054.002. Reference to Texas Workers' Compensation Insurance Fund
Section 2054.003. Operation as Domestic Mutual Insurance Company
Section 2054.004. Insurance Company Under Texas Workers' Compensation Act
Section 2054.005. Applicability of Code
Section 2054.006. Authority of Commissioner and Department
Section 2054.007. Open Meetings Law and Open Records Law Not Applicable