Sec. 2203.151. POWERS RELATING TO MEDICAL LIABILITY INSURANCE COVERAGE. (a) Under this chapter and the plan of operation, the association, on behalf of the association members, may:
(1) issue, or cause to be issued, medical liability insurance policies to applicants, including primary, excess, and incidental coverages, subject to the limits specified in the plan of operation and Section 2203.152;
(2) underwrite medical liability insurance and adjust and pay losses related to that insurance, or appoint servicing insurers to perform those functions;
(3) either or both accept and refuse the assumption of reinsurance from association members; and
(4) cede and purchase reinsurance.
(b) The association may provide general liability insurance coverage to be issued in connection with medical liability insurance issued by the association.
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 G - Pools, Groups, Plans, and Self-Insurance
Chapter 2203 - Medical Liability Insurance Joint Underwriting Association
Subchapter D. Association Coverage
Section 2203.151. Powers Relating to Medical Liability Insurance Coverage
Section 2203.152. Policy Limits
Section 2203.153. Following Form Excess Liability Coverage
Section 2203.154. Punitive Damages Excluded