Sec. 883.159. NECESSARY OR INCIDENTAL POWERS. A domestic mutual insurance company has such powers as are necessary or incidental to the transaction of its business.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.
Sec. 883.160. RIGHTS AND PRIVILEGES OF CERTAIN COMPANIES RETAINED. A mutual insurance company engaged in business under Chapters 5, 9, 12, 13, 14, and 15, Title 78, Revised Statutes, before their repeal by Section 18, Chapter 40, Acts of the 41st Legislature, 1st Called Session, 1929, as amended by Section 1, Chapter 60, Acts of the 41st Legislature, 2nd Called Session, 1929, retains the rights and privileges under the repealed law to the extent provided by those sections.
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 D. Powers, Duties, and Operation of Company
Section 883.151. Authority to Write Certain Insurance
Section 883.152. Prior Authority Not Affected
Section 883.154. Maximum Premiums
Section 883.155. Issuance of Policy for Cash Premium Only
Section 883.156. Assessment on Policyholders
Section 883.157. Reinsurance of Policy
Section 883.158. Requirements for Companies Writing Bonds
Section 883.159. Necessary or Incidental Powers
Section 883.162. Loans to Company
Section 883.163. Immediate Notification When Assets Are Insufficient; Examination