Sec. 862.052. PROHIBITIONS RELATING TO LIFE INSURANCE AND LIFE INSURANCE COMPANIES. (a) An insurance company authorized by its charter to write fire, marine, lightning, tornado, or inland marine insurance in this state may not write life insurance.
(b) An insurance company authorized to write life insurance in this state may not write fire, marine, or inland marine insurance or any other insurance described by Section 862.051.
(c) The commissioner shall enforce this section.
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 D - Casualty Companies
Chapter 862 - Fire and Marine Insurance Companies
Subchapter B. Insurance Coverage Provided by Fire and Marine Insurance Companies
Section 862.051. Kinds of Insurance Authorized
Section 862.052. Prohibitions Relating to Life Insurance and Life Insurance Companies
Section 862.053. Fire Insurance: Total Loss of Real Property
Section 862.054. Fire Insurance: Breach by Insured; Personal Property Coverage
Section 862.055. Fire Insurance: Interest of Mortgagee or Trustee