Sec. 821.001. APPLICABILITY OF SUBCHAPTER. (a) This subchapter applies to any insurer that is required by law to hold a certificate of authority issued by the department, including:
(1) a domestic insurance company;
(2) a mutual life insurance company;
(3) a statewide mutual assessment company;
(4) a mutual insurance company other than a life insurance company operating under Chapter 883;
(5) a Lloyd's plan;
(6) a reciprocal or interinsurance exchange; and
(7) a title insurance company.
(b) This subchapter does not apply to:
(1) an insurer before the second anniversary of the date the insurer's original certificate of authority is issued; or
(2) an insurer that was paid more than $50,000 in gross premium income by policyholders during the preceding accounting year of the insurer.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle B - Organization of Regulated Entities
Chapter 821 - General Provisions
Subchapter A. Minimum Insurance to Be Maintained by Insurer
Section 821.001. Applicability of Subchapter
Section 821.003. Minimum Requirements
Section 821.004. Report to Attorney General; Suit Against Insurer