Sec. 2054.352. REQUIRED DECLINATION OF CERTAIN RISKS. (a) In this section, "good faith" means honesty in fact in any conduct or transaction.
(b) The company shall decline to insure a risk if:
(1) insuring the risk would cause the company to exceed the premium-to-surplus ratios established by Section 2054.156; or
(2) the risk is not, in good faith, entitled to insurance through the company.
Added by Acts 2005, 79th Leg., Ch. 727 (H.B. 2017), Sec. 2, eff. April 1, 2007.
Structure Texas Statutes
Title 10 - Property and Casualty Insurance
Subtitle E - Workers' Compensation Insurance
Chapter 2054 - Texas Mutual Insurance Company
Subchapter H. Company as Insurer of Last Resort
Section 2054.351. Insurer of Last Resort
Section 2054.352. Required Declination of Certain Risks
Section 2054.353. Required Insurance of Certain Commonly Owned or Controlled Entities
Section 2054.354. Development and Publication of Certain Information