Sec. 2301.004. EXEMPTION FOR LARGE RISKS. Sections 2301.006, 2301.007(a) and (b), and 2301.008 do not apply to forms for use with an insured that has:
(1) total insured property values of $5 million or more;
(2) total annual gross revenues of $10 million or more; or
(3) a total premium of $25,000 or more for property insurance, $25,000 or more for general liability insurance, or $50,000 or more for multiperil insurance.
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 I - Policy Forms in General
Subchapter A. Policy Forms Generally
Section 2301.003. Applicability of Subchapter
Section 2301.0031. Exceptions for Certain Lines
Section 2301.004. Exemption for Large Risks
Section 2301.005. Regulation of Inland Marine Forms
Section 2301.006. Filing and Approval of Forms
Section 2301.007. Disapproval of Forms; Withdrawal of Approval
Section 2301.008. Adoption and Use of Standard Forms