Sec. 841.257. KINDS OF BUSINESS LIMITED. An insurance company authorized to engage in the business of insurance under this chapter or in accordance with Section 982.051 may not accept a risk or write an insurance policy in this state or any other state or country other than:
(1) a life, accident, or health insurance policy;
(2) reinsurance under Chapter 493 by a life insurance company authorized to engage in the business of insurance in this state; or
(3) reinsurance under Chapter 494 by a domestic insurance company.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Amended by:
Acts 2005, 79th Leg., Ch. 728 (H.B. 2018), Sec. 11.022, eff. September 1, 2005.
Acts 2007, 80th Leg., R.S., Ch. 730 (H.B. 2636), Sec. 2E.024, eff. April 1, 2009.
Acts 2017, 85th Leg., R.S., Ch. 594 (S.B. 1070), Sec. 3.04, eff. September 1, 2017.
Structure Texas Statutes
Title 6 - Organization of Insurers and Related Entities
Subtitle C - Life, Health, and Accident Insurers and Related Entities
Chapter 841 - Life, Health, or Accident Insurance Companies
Subchapter F. General Powers, Duties, and Limitations
Section 841.251. Evidence of Expenditures
Section 841.252. Payments to Officers, Directors, and Employees
Section 841.253. Life Insurance Company's Payment of Dividends
Section 841.254. Transfer of Stock
Section 841.255. Annual Statement; Filing Fee
Section 841.256. Business in Separate Departments of Domestic Insurance Company
Section 841.257. Kinds of Business Limited
Section 841.258. Agents for Company That Ceases Writing New Business
Section 841.259. Activities of Directors and Officers