Texas Statutes
Subchapter G. Regulation of Farm Mutual Insurance Company; Financial Requirements
Section 911.302. Location of Business

Sec. 911.302. LOCATION OF BUSINESS. (a) Except as provided by Subsection (b), a farm mutual insurance company may write insurance in:
(1) the county in which the company's home office is located at the time of incorporation and in any county adjoining the county in and for which the company is organized;
(2) any county in which another farm mutual insurance company is not organized; and
(3) any county in this state if the company's reserve fund exceeds $200,000 in cash or securities in which the reserve fund of a stock fire insurance company may be invested.
(b) This section does not apply to a farm mutual insurance company organized and operating in this state under a certificate of authority issued before May 21, 1973, under former Chapter 16 of this code.
Added by Acts 2001, 77th Leg., ch. 1419, Sec. 1, eff. June 1, 2003.

Structure Texas Statutes