Sec. 883.002. APPLICABILITY OF CERTAIN GENERAL LAWS. (a) Except as otherwise provided by law, domestic and foreign mutual insurance companies organized or operating under this chapter are subject to the laws applicable to:
(1) a stock insurance company engaging in the same kind of insurance;
(2) investments;
(3) valued policies;
(4) policy forms and rates;
(5) reciprocal or retaliatory laws;
(6) insolvency and liquidation; and
(7) publication and defamatory statements.
(b) This chapter does not exempt a domestic mutual insurance company from being subject to other laws of this state governing the incorporation, organization, regulation, and operation of a company or organization writing insurance in this state.
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 E - Mutual and Fraternal Companies and Related Entities
Chapter 883 - Mutual Insurance Companies Other Than Mutual Life Insurance Companies
Subchapter A. General Provisions
Section 883.002. Applicability of Certain General Laws
Section 883.003. Applicability of Texas Non-Profit Corporation Act